I'm not sure how you conclude that. And you're inserting "ethics" into a bank's business decision? He writes like that because he's part of the system. It's so

I'm not sure how you conclude that. And you're inserting "ethics" into a bank's business decision? He writes like that because he's part of the system. It's so entrenched it's all self preservation and tons of money influencing the media to say what they want them to say. But it's hard to parse because the experts that are feeding seemingly sensible info are former Goldman Sachs or similar. Jim Cramer bragged about how he manipulated stock prices at a hedge fund and if he was short you can't "foment", on your own, an impression that a stock is down but you do it anyway because "the SEC doesn't understand it". You trick the "moron longs" and "spread a rumor on Apple because the writers want that story and Apple isn't going to comment on it". "this is what's really going on in the market that you really don't see". "what's important when you're in that hedge fund is to not do anything remotely truthful because the truth is so against your view that it's important to create a new truth". It's absurd. [1] And this guy is still on a major network with major influence. If you are looking at that Archegos situation objectively, you would say clearly - that's fucked up for them to do with other people's money. Not Levine. Yet when "normal" people risk their own money on something he disagrees with, he's writing a big diatribe about how ridiculous it is. When banks play with their money, nothing to see here people. They might have been doing a rational move. Or in this article "yes credit suisse did two bad things" and "Still it is strange to characterize this as primarily securities fraud against the shareholders, to think that the problem here was lying." Just characterize it as securities fraud secondarily I guess Matt? I like his insight into the system but he does way too much early PR damage control and apologies for the embedded players and not enough objective commentary. But again, he writes for Bloomberg and is former Goldman Sachs. [1] https://www.youtube.com/watch?v=6csjSGyEbUs https://www.youtube.com/watch?v=6csjSGyEbUs