Had a really interesting conversation with @matt_levine about the intersection of technology and finance, coming to an Internets near you in the not too distant future.
I definitely learned something; hope everyone will enjoy it.
Hopefully all parties to this know the score, which defangs the risk of moral hazard. It’s two large, sophisticated companies with finance departments and dangerous professionals staffing them making an agreement through the service of the investment bank.
-
-
Presumably in most cases the finance department at the lender doesn’t say “Alright everybody we’ve got the money! Yolo! See you in the Caymans after we crash this company into the side of a mountain!”
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.