Matt Levine, Columnist

Sinful Derivatives Have Their Uses

Also CBS, crypto scams and a path to universal basic income.

May 18, 2018 at 2:40 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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Is CDS evil?

Has the Pope been following the Hovnanian Enterprises Inc. trade? Yesterday the Vatican released a bulletin on economic issues, “Oeconomicae et pecuniariae quaestiones,” that spent multiple paragraphs criticizing derivatives in general and credit-default swaps in particular: