[davidivadavid]

They are cool ingenious schemes done by smart people — who sometimes happen to be criminals.

That's why people watch heist movies and play GTA, too.

Not sure Matt Levine has the power to change what is perceived as cool by western culture.

[Ntrails]

When he talks about the bankruptcy/CDS/default shennanigans (eg Hedge fund offers bailout to avoid default in exchange for ophaning credit etc), he does not take a stance on right and wrong.

Why? Both sides of the game are Informed. This isn't screwing over the dentist, it is fund A outthinking funds B and C. Is it a social good? Don't know, nor does he (seemingly). So why bother pretending