the finance industry / wall street

it's free money to the tune of $80B/year and our political system is so in hock to finance that it won't pick the money up off the ground

https://www.trashberg.com/p/i-think-i-found-jamie-dimons-secret

Jamie Dimon is so boring his secret social media accounts aren’t even horny.

Matt Levine in top form today on the Archegos report:

https://www.bloomberg.com/opinion/articles/2021-07-29/archegos-was-too-busy-for-margin-calls

Everything in the report is like this. This report is not a bunch of lawyers identifying a bunch of problems and characterizing them, in hindsight, as 'red flags.' Everyone saw all the problems here, evaluated them reasonably, came up with sensible solutions and then didn’t do them.