Matt Levine, Columnist

Coal, Drugs and Lawsuits

Also systemic latency, size discovery, TLAC and snacks.

November 10, 2015 at 8:34 AM EST

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Climate change.

We talked on Friday about climate change and the First Amendment. The upshot was that it is not really okay for the government to dictate to companies what they can say to the public about disputed policy issues, unless those companies have publicly traded stock, in which case the government can do what it wants. Yesterday New York Attorney General Eric Schneiderman did, to Peabody Energy, a coal company:

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