Katie and Matt discuss Wells Fargo’s asset cap, credit ratings conflicts of interest, private credit controversies in the insurance business, why BBB- is the best rating, Main Line real estate prices, Marshall Wace, hiring cheaters at hedge funds and signals from the sell side.

Key Beast Risk: BMNR, 10%, OLMA
24:44

Embarrassment of Something: IQ, PE, BX
25:48

Horse Pilates: A Mailbag Episode
28:55