Matt Levine, Columnist

Is DOGE Securities Fraud?

Also the OpenAI coup, Goldman executive pay and putting the account number in the amount field.

April 1, 2025 at 5:50 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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Today is April 1, so 10% of the news that you read will be fake. Be careful out there! I confess that I enjoyed today’s issue of Petition, a newsletter of bankruptcy and liability management, fake quoting Treasury Secretary Scott Bessent:

There’s also a bit about the Trump memecoin. I confess that when I started reading it I was like “oh right this is the Mar-a-Lago Accord, normal stuff.” What even is reality anyway.