Wall Street's Double Standard

Credit Suisse and all of Wall Street got a huge fine. They didn't have to admit guilt, but Credit Suisse, I think, was fined a lot of money, whatever it was. I don't know if it was— I think it was $1 billion. The whole settlement was $10 billion, or it might have been $100 million and the settlement was $1 billion. I don't remember because the numbers back then, 25 years ago, the numbers were smaller. Whatever it was, Credit Suisse made that in a couple of months. Wow. Like, it's a slap on the wrist. Michael Lewis has written a lot of articles and books on the fact that the size of the punishment In the investing business is way less than the crime. I've read every word of that. Go nuts. Like, they do whatever they want to do because, look, it's before there was too big to fail, there was, you know, too small to pay. You know, they could just— they got away with— that's what happened to Credit Suisse. Like, they, they made billions and they paid a trifle there. But the main thing, Matt, to your question, was seeing that these guys really didn't care, that there was an intentional misleading nature to what it was they were doing.