Remove Bidding Remove Collateral Remove Law Firms
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Transcript: Steven Klinsky

The Big Picture

And Goldman was the size of a law firm back then. And I mean, it was literally like the size of a law firm, not a giant global institution. We spent weeks, night and day, studying it, decided it wasn’t a good deal, decided not to bid, which I’m fine with. RITHOLTZ: Right. KLINSKY: Yup.

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Transcript: Michael Lewis on SBF & FTX

The Big Picture

I did the, the first time I make it make some bid to, to get to know the people and the, write a story about it. And if somebody has a big loss and it drops way below the, the collateral they put up, that loss gets spread out. If someone loses money, we liquidate the collateral, they’re done.

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