If a cruise ship company runs cruises on which people get infected with a deadly disease and then spread it further when they get off the ship, that could be bad for its passengers and bad for the world. Also shareholders though. Matt Levine, Money Stuff, 1 June 2020
Tag Archives: matt-levine
Political Lies and Business Lies
From MoneyStuff today: One point that I often make about the U.S. legal system is that lying about financial matters is quite broadly and severely criminalized—basically any sort of dishonesty having anything to do with money is arguably wire fraud—but lying about politics is common, legal, and frankly encouraged. If you sell knickknacks on the internet and […]
Make Good Things
The basic way that, like, capitalism works is that you have incentives to make good stuff because people will pay you for it. If you invent a thing that people need, and you manufacture it efficiently, you will get rich. There are errors. If you invent a thing that people don’t need, that is actively […]
ICO Regulation
It is not uncommon for financial innovation to get a bit ahead of the rules that are supposed to regulate it, but the ICO market got so far ahead of the rules that it started, boomed, peaked and died before the rules came along. Matt Levine, Money Stuff
Smart Finance
“Handing your creditors a loaded gun seems bad, but if it’s the only way to stop them from stabbing you right now then it’s fine.” — Matt Levine — Matt Edwards (@engineershope) March 8, 2019
Who Can Follow the Law All the Time?
On the other hand: What? This is a federal court casually suggesting that there is “uncertainty as to the very possibility of maintaining adequate compliance mechanism in light of complex and shifting government regulations.” Ehhhh, who can follow the law all the time, asks … a panel of federal judges? Matt Levine, Money Stuff 6 March 2019
Wet Pants Denim Coins
i know people are going to ask things like “is this real” and “is this a joke” and i just want to say that we are way beyond conceptual categories like that pic.twitter.com/eRXaylNdPR — Matt Levine (@matt_levine) March 6, 2019
CEO Sexual Harassment Insider Trading
The normal way to pay a public-company CEO involves giving him mostly stock, so if he wants to lead a fancy lifestyle, he will eventually need to sell some of his company’s stock to fund it. And so if a CEO has a long history of sexual harassment, then he will also inevitably have a […]