People
Steve Eisman

Steve Eisman Quotes

Total quotes: 4

Steve Eisman

Birthname

Birthday: July 8, 1962

Educated At: University Of Pennsylvania, Harvard Law School

Nationality: United States Of America

Total quotes: 4

“What they didn't really notice is that as they kept making money every single year, the leverage of their various institutions was increasing every single year. They thought they were making more money because of them. But really what was happening is they were making more money because their institution was becoming more levered. And really what happened was, they mistook leverage for genius. ”

— Steve Eisman, Steve Eisman: “They mistook leverage for genius”

Tagged: Wall Street, Finance, Financial Crisis, leverage, Business

“We'll make loans to people we didn't make loans to before. Rather than get incomes up they let people lend to themselves.”

— Steve Eisman, Steve Eisman: “They mistook leverage for genius”

Tagged: Financial Crisis, Lending, Wall Street, Finance

“Let me explain that because its not intuitively obvious how the two are connected. My thesis is that one of the underline causes of the financial crisis was dead income distribution.”

— Steve Eisman, Steve Eisman: “They mistook leverage for genius”

Tagged: Finance, Wall Street, Financial Crisis

“No, I didn't expect that it would happen that quickly. A lot of that is the fact that the government back stopped the system.”

— Steve Eisman, Steve Eisman: “They mistook leverage for genius”

Tagged: Finance, Wall Street, Big Short, hedge funds

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