An OK Horse
Friday, 23 January 2026 · 2 min read · Listen to the episode ↗
The podcast discusses significant topics including President Trump's lawsuit against JP Morgan, which highlights concerns about political bias in debanking. The discussion also focuses on Steve Yag's launch of an open-source project and meme coin "gas," emphasizing the appeal of cryptocurrencies for rapid financial gains. Finally, the potential of blockchain technology for 24/7 trading and its role in real-time settlement is examined amidst evolving trading expectations in the digital landscape.
Levine and Greifeld discuss a range of topics, including a recent snowstorm and its lack of media attention, with Greifeld sharing how his views on snow have evolved since becoming a suburban dad. They clarify a previous error regarding JP Morgan CEO Jamie Dimon's attendance at a health care conference and express excitement about a new pub in the JP Morgan office.
A significant topic is President Donald Trump's lawsuit against JP Morgan and Jamie Dimon, which alleges political motivations for closing his accounts after January 6, 2021. This raises concerns about the implications of debanking individuals linked to criminal activity and perceptions of political bias. They mention Brian Moynihan, CEO of Bank of America, being excluded from a Davos reception, possibly due to suspicions of debanking.
The hosts discuss Steve Yag, a software developer who launched an open-source project called Gastone, and a meme coin named "gas" that generates royalties from trading fees. Yag's experience with crowd-sourced funding through meme coins is highlighted, along with the appeal of using such tokens for quick financial gains, despite critiques of the practice.
The conversation shifts to CEO compensation packages, particularly "moonshot" packages with notional values exceeding $100 million. They discuss Tesla's 2018 offer to Elon Musk, which could have been worth up to $56 billion, and the mixed results of companies like KKR and Airbnb with these models. The effectiveness of applying startup compensation strategies to large public companies is debated, raising questions about the expectations behind these packages.
The psychology of CEOs regarding moonshot projects is explored, noting that initial optimism can turn to pressure when stock prices decline, leading to cancellations of stock options.
The podcast also delves into the concept of 24/7 trading, discussing the New York Stock Exchange's plans and the challenges it presents, such as liquidity issues. The potential role of blockchain technology in facilitating real-time settlement is considered, alongside the growing demand among retail investors for immediate trading capabilities. The necessity of tokenization for real-time settlement is debated, with acknowledgment of the cultural shift in trading expectations in the digital age.
The hosts conclude with a light-hearted discussion about the night shift and its romanticized view, while encouraging listeners to engage with the podcast.
This summary was generated from the episode transcript and can contain mistakes.