The New York Fed/Goldman Sachs secret tapes are the sort of thing where you'll mostly get out of them what you bring to them, so it's sort of pointless for me to tell you what to think.
(Do read/listen to the story though! It's fascinating, whatever your priors.)
Instead I'll just tell you what I bring to the story, which is that I used to sell corporate equity derivatives.
So I was intrigued by this:
