The Big Short's Steve Eisman: Canada's bank CEOs 'extremely ill-prepared' for credit cycle

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The Big Short's Steve Eisman: Canada's bank CEOs 'extremely ill-prepared' for credit cycle 5
Neuberger Berman's Steve Eisman, the money manager made famous by the book 'The Big Short' and its film adaptation, joins BNN Bloomberg to discuss why he's short Canadian banks.

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💬 Comments on the video

He apologized so many times.. I think he became canadian. Lol

Author — Alpha Bravo


"You can't have negative loan loss provisions forever" - the fact they even exist should send shivers down your spine.

Author — Without Worries


Wow Steve Carrell NAILED THAT ROLE! He sounds just like him that's so crazy

Author — JBass14


I'm Canadian. Short away at the banks, no need to apologize for taking from the cartel.

Author — Dep Nox


Really appreciate Steve Eisman coming on to explain in depth his thinking. Very valuable interview.

Author — Kieran Law


"listen I'm not here for 5%"

Author — Marc Baldassi


Living in Vancouver I don't agree on housing. Vancouver will not have a soft landing, it will be a crash landing. Toronto has a diverse economy and won't be as bad.

Author — Lobster Boy


Ok, so he's had six more months of paying 5% divvys on his shorts....and his position is a further 5-10% in the red....I wonder how long he can keep this up???

Author — Francois Lepine


I'd like to see STeve with the same insane eye makeup the anchor has on.

Author — Marsh Wetland


a decade of zero and close to zero interest rates around the world means a lot of bubbles are about to pop. Tsla, corporate bonds/junk bonds, real estate, stocks, etc

Author — Bob Smith


This guy knows what is up... And down. 🏁

Author — Philip Angelo


Canada is way over extended and overly reliant on energy and the housing market. Combined with excessive government debt and a rapidly declining economy trouble is soon ahead.

Author — Burnt Offerings


You don’t have to apologize that much just because you are talking to a Canadian!

Author — John Shen


It's time to get rid of Rothschild central banks!

Author — Guy Major


He's going for at least 30+% given it could take a few months to years to realize

Author — Jean-Philippe Melanson


The Canadian government will back the insured loans... and Canadian tax payers back the government if they can't cover the losses.

We're gonna get F%#"*ed

Author — Furiousbeard


i may advise my dad's firm about this lol, i'm Canadian and i want TD to fall.

Author — Paul Young


Translation, it's just about time for a bankster bailout

Author — oicub2


It would be great to have both Steve Eisman and Brian Belski in a room talking about the canadian banks!

Author — JuanFernando Gracia


I sensed this coming. I'm a Canadian living abroad. Canadians need to wake up.

Author — That Guy Shawn