Matt Levine, Columnist

Big Business, Libor and Snapchat

Also private equity, volatility and bond market liquidity.

August 17, 2017 at 1:26 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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CEO fallout.

Yesterday America's business community spoke with one voice and said very clearly to U.S. President Donald Trump: You know what, Nazis, no thanks. Here you can read accounts from Bloomberg News, the New York Times and the Wall Street Journal of how the Strategic and Policy Forum and the Manufacturing Jobs Initiative, two groups of business leaders that had been set up to provide President Trump with appealing public-relations opportunities, fell apart after Trump refused to pick sides between Nazi and anti-Nazi protesters in Virginia. The short version is that there were some conference calls, and the members agreed they were fed up, and Steve Schwarzman called the White House to say that his strategy council was disbanding, and Trump preempted the news by firing the councils on Twitter before they could quit. (They quit anyway, for good measure.)