Matt Levine, Columnist

Now There’s a Mortgage Crisis Too

Also delta hedging, insider trading and the Meta 1 Coin.

March 24, 2020 at 4:17 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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Programming note: Money Stuff will be off tomorrow, back on Thursday.

The traditional banking system goes like this: