Is a Clearing House More Moral Hazard Than a Bank?

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Do you think we've centralized derivatives risk too much or too little? I'm among those who are a little sceptical of the notion of centralizing derotors risks into clearing house. Do your experience with derivatives make you feel better or worse about crypto kiddes being priced at a hundred and 17 thousand k per pop? Are they just a derivative? Crypto cano reallys a cryptokiddy and derivative on ether in the sort of eno in thet is there a fact of the matter? Y e, la, shareli in the naive sense ofli didn't come from ether.

Is Matt Levine a modern-day Horace? Like Matt, Horace has a preoccupation with wealth and the law. There’s a playful humor as he segues from topic to topic. An ability to read Latin. And many of Horace’s letters are about the length of a Bloomberg View column. QED, says Tyler.

So Matt, the Latin teacher turned lawyer turned investment banker turned finance writer, recently joined Tyler for a conversation on Horace and more, including cryptocurrencies, Buffy the Vampire Slayer, Nabakov, New York, Uber, financial regulation, market volatility, M&A, whether finance is nerdy, and why panic is central to the Matt Levine production function.

Read a full transcript enhanced with helpful links.

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