Matt Levine, Columnist

Bank Bailouts and Property Taxes

June 7, 2017 at 1:27 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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"It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change," says the epigraph from Charles Darwin on page 7 of Banco Popular Espanol SA's 2016 annual report. Well, there is change coming at Banco Popular: