You don't want to be a hero in this environment, says 'Big Short' investor Steve Eisman, Part 2

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[swedesam]

Kudos to CNBC's hosts letting Steve talk without much interruption.

[raynoldgrey]

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007–2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

[vicsingh]

Amazing as always! Thank you Mr Eisman

[davidwalsh]

Steve is one of the good guys it seems

[thegodhead]

Why be a hero, when you can be a short seller, instead?

[Bryan-fbdh]

Probably make balance sheets easier to access and less convoluted would help. If you have over a million in a bank and your not sure what the manager had for breakfast then im sorry your bad at managing money. The market has a way of fixing poor money management, you go broke.

[SouLJacker]

This guy has had zero clue since 2008. Unsurprising, he doesn't know anything now.

[EC]

when everything is at certainty then market will already be at ATH.

[JuaqiemMckelvy]

Dilemma: Hyperinflation vs Stagflation

And I heard a great voice out of the temple saying to the seven angels, Go your ways, and pour out the vials of the wrath of God upon the earth.

[korkor]

If they hike rates more, market will collapse.

[makedredd]

Corruption is good!

- Gordon Gecko 🦎 🏦 💰 💸