Matt Levine, Columnist

Muni Bonds Remain Undisrupted

Also suspicious futures trades, lucky options trades, WeWork and Libra.

October 17, 2019 at 4:07 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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Here is the story of “The Fall of the Muni Startup That Wanted to Upend Wall Street,” Neighborly Corp., which was trying to get into the business of selling municipal bonds in small-dollar increments directly to individuals:

Anyway, right, it fell, or at least got out of the muni bonds business and into, uh, this: