Ladies and gentlemen, hello and welcome to Sleat Money, a weekly podcast devoted to the world of business and finance.

I'm Felix Salmon, senior editor at Fusion.

Today, we're going to talk about Jed Rikoff, the judge who got tough on Wall Street, but who this week got

overruled. We'll talk about negative interest rates and TLTROs and the ECB and maybe even I

OER. What on earth am I talking about? Might it presage the death of banking as we know it?

Tune in to find out. Finally, we will talk about the US government crackdown on poor Stevie Cohen,

who's down to his last $11 billion.

And then, because the final thing is sent for completely final,

we will have our numbers around,

and I have been informed that some of the numbers are quite large.

I am joined here in our New York studio by Kathy O'Neill,

a former hedge fund quant-turned Columbia University Program Director. She blogs at mathbabe.org.

Hi, Kathy. Hi, Felix.

And we also have Slate's own money box columnist Jordan Weissman representing every millennial.

Hello, Jordan.

And I do so with pride.

He's vocally frying.

And if you see him on the street, you have my permission to slap him.

He might be up talking as well.

So our first topic is the overruling the bench slap in Jordan's

words of federal judge Jed Rikoff. Kathy, remind us, who is this chap and what happened to him

this week? Well, he's a folk hero for at least the people I hang out with and occupy. What he did,

...