Matt Levine, Columnist

Credit Derivatives Bring People Together

Also house dealers, blockchain, shady crypto, tech banking, prime banks and Fleetwood Mac remixes.

CDS: It works.

We talked a while back about McClatchy Co.’s proposed debt refinancing. McClatchy was going to refinance all of its debt, much of which was owned by hedge fund Chatham Asset Management, with some new debt, much of which Chatham was going to buy.