Steve Eisman: “They mistook leverage for genius”
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- เผยแพร่เมื่อ 29 ม.ค. 2017
- Steve Eisman was one of the few who predicted the 2008 financial crisis, and he made his name by foreseeing the collapse of subprime mortgage market.
Michael Lewis portrays him as one of the heroes in the bestselling book The Big Short and Steve Carrell plays an outspoken version of him in the Oscar-winning movie of the same name.
EFN:s Katrine Marçal meets Steve Eisman at Claridges hotel in London.
Steve Carell has done a great job imitating this guy.
He actually did at first I gave him crap because it felt like he was playing Dupont again. Who was the crazy mogul who thought he was a wrestling coach and shot an all time great Olympic wrestler.
They almost sound the same!
he does not imitate him, he created a character from references, that's acting
@Armenias Thunk what the fuck do you want him to say?
@Armenias Thunk Lmao imagine getting this mad at someone being impressed at an actors portrayal. Eisman himself said it was a good portrayal.
I like Pitt, but not for this Role. Steve NAILED it.
TheClimbTo1 Pitt was fine - gave a good performance
Pitt is just equivalent to Pamela Anderson 😃
@@lunarmodule6419 What does that mean
@@kbanghart good looking - bad acting
@@lunarmodule6419 good acting, imo
Amazing that Steve Carrell nailed this guy perfectly.
Still one of my favourite films
Plus, the way it was filmed! Having other well known faces come in via the 4th wall, talk directly to the camera and then disappear. Pretty genius thing right there.
rockn roll u can defenitely see this guy socially aggressive. He was like that back then cuz he was one of the few who knew how baad the situation was
Steve acts oyt the. Aggressive Jewish guy perfectly. Correct.
Me too. Brilliant conceived, important film.
Perhaps you should read a book. Like... this book.
Whoa! Get this lady a financial talk show! Proper questions, non aggressive but precise!
Yeah, she represents something other than the Big Lie, and without being the center of attention(Mike Wallace, and almost every other US pundit con or lib, are you listening?) she opens him up and by her work provides a substantive perspective. Yeah, I know, it's almost un-recognizable, isn't it.
Cute, too! (Yes, I know, sexist...)
Meh
Mo Mentum
She was not very professional she's obviously triggered by Drumpf.
Exactly my thought. A great interview.
This woman knows her stuff and can speak financial-eze without reading from a prepared script. Firing off random questions at that level without acting smarmy obviously puts her interviewee at ease. He seems quite comfortable speaking truthfully about sensitive issues and I give full credit to her for doing that.
Such a beautifully written comment!
Is this a joke? Why do Americans think that anyone with an English accent is a genius. Her questions are quite basic. Most European journalists behave in thin manner. We Europeans don't suffer fools..Americans are not used to this. American politicians wouldn't last 2 weeks in any government in Europe. The press alone would slaughter them, not in a populist way, but in a deep investigative way. Our Journalists dig deep. Every skeleton in every closet will he exposed.
Most news reporting in Europe ( I'm in Ireland) is conducted without the drama normally used in the US to feign intelligence and mask ignorance.
@@paulkirwan3431 bro who the fuck asked you they were just complimenting a good interviewer
Yeah bro the daily record is a class rag
@@paulkirwan3431 How do you know he/she is American? I hope by your statement you don't mean ALL Americans, just as I know that ALL Europeans aren't complete arrogant jerks who think Americans are stupid and naive. Naturally, with over 330 million Americans, we have a greater percentage of ne'er do wells and absolute morons, but we're not ALLLL like that. "American politicians wouldn't last 2 weeks in any government in Europe." Is that meant to be an admission of the mess that is European guvmint??
I'm conservative because government by its nature is terribly flawed. Government isn't the solution to the problem...government IS the problem. And the media is ALL too happy to contribute to that problem...on both sides of the Atlantic. And by conservative, I don't mean Republican.
All that said, I'm very proud of my Scots-Irish-Scandinavian ancestry.
This is how you conduct an interview. This lady did a fantastic job.
I have tremendous respect for any man or woman who admits they don't know something as much as this guy. He has no ego and is happy to advertise that he doesn't understand a few things. Great guy.
@TryllaTröllMaistre Fictitious Fables of Europa I think that was very realistic. As you delve into the world of finance you learn that you're only a speck of dust in the sea of the market. You really can't do anything to change it. The only thing you can do is react to it sadly; even if you know what's going to happen. This is implicitly told in the story where Jamie and Charlie try to warn the people by contacting the Wallstreet journal for which the journalist did nothing, telling their family of what would happen which nobody listened to. Mark going around telling people how wrong the system which absolutely no one listened to; not even Morgan Stanley, leading them almost to bankruptcy. The market is essentially moved by the people in the market and their fear and most importantly greed. Greed is the ultimate human nature and survival instinct so it's impossible to make the market rational because people just aren't rational. It's sad, I know, but that's just how history repeats itself. As a person who can really strongly relate to Mark Baum (or Steve Eisman), I would think that's what he realized too. Even if you want to save them, you just can save those who aren't willing to listen to you.... Hence the reason why he mentioned the analogy of Noah's arc I believe.
@TryllaTröllMaistre Fictitious Fables of Europa So about the one administration comment, it doesn't matter how many administrations runs how much. Even if a couple run an equal amount, if one starts selling, the market is just gonna follow because it's basically driven by human emotions; mainly fear and greed. The housing bubble was a time bomb ticking that was just waiting for someone to pull the trigger. It really didn't matter who pulled that trigger. The system was ill-founded and as people are mainly driven by their own greed, they abused it to its core.
Having no love for the creditors, I can understand that to a certain extent, because it was indeed mostly those who had insider information at least to a small degree that knew what was going on or knew what was going to happen. But to Mark/Steve's credit, that was why he was so mad at the world and the system because as he puts it
"people care about the ball game, or what actresses went into rehab"
"We live in an era of fraud in America. Not just in banking, but in government, education, religion, food, even baseball..."
"What bothers me isn't that fraud is not nice. Or that fraud is mean. For fifteen thousand years, fraud and short sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did."
"I just know that at the end of the day regular people are going to pay for all of this. Because they always, always do."
and I agree to everything he says. It's sad but people just don't care about the world, they only care for themselves. They don't take interest in the economy or politics, they care more about their entertainment. And those that do care about the economy or politics care only for their selfish needs. It's all about what "I" want and "my" selfish desires not being able see the bigger picture. That's what ultimately leads to turmoil, disaster, and crisis. And yes, though I try not to sound too much like so, I am bitter about the world, even to this day to an extent though not as much as the past for America. Which is why I can relate to the Steve Eisman in his past.
Resetting won't fix anything. It will just eventually start everything all over again, just with different people. It would be a vicious unending cycle because you're not fixing the core issue; human greed, and you can't fix that unfortunately. In terms of the bible as you would put it, look what happened after the incident of the Noah's arc. People are just as corrupt as they used to be if not more. Nothing has been fixed and people just go back to the way they used to be, because in the end, you can't fix people.
@@Jeon1958able You're absolutely right, it's human nature, that's why we have these bubbles, crashes, corrections
Human nature never changes
No ego? I think you're a little gullible.
This is the guy who said ZERO possibility and took his call and left the conference
@@aravindhanveeramani6142 Guys like this are why the Catholic Church forbid the number zero, back in the day. (Look it up.)
Always thought that was a strange move that he let his sensibilities get the better of him and basically advertised his short position.
@@mrtoad1408 because he was not in it purely for the financial gain. He says himself in this interview that although he was aware of the coming crisis, he was not hoping for it, on the contrary. He wanted to warn people of their own stupidity (but he was probably aware the probability that they would listen was ZERO!)
@@simonr7097 Very well explained!
@@mrtoad1408 You know it doesn't matter right? He's still making the trade of his life no matter what because he's betting against a market that's about to crash.
The whole housing market of the US in that case.
Not marketing his short position would only make more people lose everything and him getting a bit more of money. Which isn't illegal but is definetly immoral at that point.
2017 interview? He predicts...
2018 Italy financial crisis
2019 Deutsche Bank under major scrutiny.
2020 probably should listen to him
I love to see him to more interviews. I definitely want to hear what he is thinking.
You nailed it. He was/is 100% right.
People tend to listen to the one who's most confident, not the one who knows more.
2019 Deutsche Bank is a fucking penny stock
@@colonelburton8451 🤣🤣🤣
"When the Texas ratio gets over 100%, the bank is done."
Texas ratio = (non performing loans / tangible book value + reserves)
Gonna keep that one in my pocket.
th-cam.com/video/yG96RttfZtM/w-d-xo.html
Hearing the real steve eisman speak, steve carrell really nailed his accent
I don't know who that interviewer is, but that was one of the best interviews i have ever seen.
paaatreeeck She have beatiful smile and teeth
She is a feminist so stay away.
@James Dowds Feminists have no nuance in their brains.
@James Dowds Are you a feminist? #metoo #believe
@@biplav32 by your own definition you sound like a feminist rofl
Steve Carrell should have gotten the Oscar nod for this, not Bale
Bale sucked. Michael Burry is nothing like the crazy portrayal Bale came up with for who knows what.
Bale didn’t suck per se, it was a good acting job, but poor character direction
A parallel can be drawn with Jared Leto joker. It was bad acting and bad character directions
It's all crap anyways.
@@charlesbaldo how so? They covered the financial disaster quite accurately.
Garrett K whats all crap is the Oscars. I loved the book and movie, lived the event working in a financial institution.
I watched this entire interview as if I understood a single thing he said
An absolutely excellent interview.
Nigga this interview trash, basic bitch questions.
@@mindfucker88 Interviews are about answers, not questions.
FIFTY6IX lol
Thanks Mr. Eisman, and Ms. Marcal for the best interview I've seen in 20 years...and something else. Hope.
There is no hope. The majority of POS's you are given to vote for in Washington are in on it.
Interesting how after 30 seconds in you realise that Mr. Eisman is an incredibly bright guy to whom you should listen and this feeling increases from second to second during the interview. Good interviewer, too!
She’s incredible! Well thought of questions, and always has a simpler question in case her initial incredible (but maybe a little broad question) is something he can’t answer. She clearly did her homework beforehand, and clearly understands the basics of Finance and Banking in general. Absolutely top notch, and 18 minutes of pure learning. Great job
I think you're right she's very good at drawing out information
It's scripted/pre planned. That's why she asked him things he just happened to think a lot about or answering yes to a long leading q
Are you serious? Very weak and shallow questions. Yeah, she's attractive. Stop with the pandering.
She's terrible, constantly hating on Trump. Total LOSER and evil bitter woman
@@pretorious700 Couldn't agree more. I think these questions have aged quite poorly and are very much a product of the time. Interesting guest wasted on questions with a very clear motive. Boring.
She did an incredible job interviewing Steve. Very informative.
I loved how brief and to the point he was with his answers. Wish I can see more informative interviews like these
This is a Swedish business channel. This lady doesn't even speak English as her first language!
CNN, MSNBC etc, you seriously need to pick up your game.
Edit: I'm not sure all that many of the replies below understood my comment at all.
It's called being bi lingual.
Ahah stupidity always surprises me
Zeitgeist X Americans cannot speaking English, so yh
Idiotic statement
CNN is total garbage. But i don't see what that has do with her speaking good english. I think CNN talks about supposed Russian election interference to distract everybody from real issues. Like the fact that they gave debate questions in advance to Hillary Clinton.
I remember driving home from work and seeing these massive houses being built and wondering wtf is going on. Then a young couple purchased a house down the street from me and had a furniture truck pull up and unload all new furniture. They also had 2 new Hummers and two kids. I met them and they both worked at Best Buy! I couldn't believe it. The husband told me he had 80k in credit card debt during a conversation during one of the home association's fourth of July picnics. I had a sense something was wrong with the economy but just couldn't put my finger on it.
What came of them...?
A PERFECT example of how to conduct an interview .
No shouting . No loaded , biased questions.
Intelligent questions that have been well thought-out are answered with clear , thoughtful responses.
The lady speaks English so beautifully and she's polite .
While way way way way down the other end of the scale there is imbecile Jim Acosta !!!!!
Blinky Blonk Jim Acosta has to deal with hostile interviewees. She did not.
Thomas Headley if you think Acosta is a legit journalist with integrity asking the hard, gritty questions that need asking, then you’re a fool
Thomas Headley I don’t. None of them are. Political media is a cash grab. They don’t care about integrity or real journalism. But nice try trying to devalue my opinion as some gutless hillbilly.
Get you a man who looks at you like Jim Acosta looks at Jim Acosta, and you will be set for life.
@Thomas Headley a lion doesnt concern himself with the opinions of sheep. And you sir are q YUUUUUGE sheep.
Wow! Eisman got through an entire conversation without dropping one F bomb!
People always swear more in movies
7:10 Did he just call the 2018 Italian debt crisis?
Yes
@rockn roll The euro has caused enormous problems throughout Europe. The countries on the Mediterranean, called 'Club Med', have been raped economically by using this currency.
Italy's problems were visible from a mile away. Italy almost suffered the same fate as Greece in 2008 and never really recovered from the crisis.
Now Corona will do them in completely.
But the overall issue in the EU, an issue that has been debated all the way back in the 80s when the first discussions about this topic happened, is the common currency.
A currency usually reflects the economic strength of the country giving out the currency. Meaning if there is an economic downturn the currency's value goes down which in turn makes it easier to get exports back up. This makes it easier for countries to get back on their feet.
Now in the EU everyone has the Euro and it kind of reflects an European average, meaning that economically weaker countries like Greece, Italy, Spain, Portugal etc. have a much more valuable currency than they should have, making it much hard for them to recover after a crisis. While economically strong countries like Germany can export much cheaper than they would be able to with their own national currency. Germany has a massive trade surplus and Germany's surplus is all its neighbor's deficit.
The idea of this economic union does work in a half-assed approach like that. Either you need to fully integrate and have mechanisms to mitigate issues like these, or you need to go back to national currencies, which would be a very bad idea in my opinion.
@@BangThaBazie The US$ works because of the large capital transfers, from the richer areas to the poorer ones. These aren't in the form of debt: the money is *given* to the poor areas. This allows a single currency to service the needs of an area with many different economies. Germany refuses point blank to give money to Club Med, only allowing them to run up debts which, as you point out, their weak economies can't repay.
Euro can only work if it follows the practices of the US$. That won't happen, so the Euro will destroy the EU far more effectively than political incompetence.
What 2018 Italian debt crisis? When did that happen?
Very well done interview.
Nice to see a journalist ask a question and let the person being interviewed talk.
Bill bartman Yes, she doesn’t want to push for an idea. Besides, he doesn’t speak non-sense and that certainly helps.
This is one of the excellent textbook interview that talks about very sensitive issue . This one should be watched by anyone interested in broadcast profession .
What a brilliant interview. She asked intelligent questions and got intelligent answers
“They mistook leverage for genius” Actually they were right. They look(ed) at it from their own wealth perspective. They used over leverage and heavily increased their personal wealth while taking on risk for someone else (their employer). Do you think these multi millionaires regret what they did? They understood the situation perfectly.
Exactly
People on Wall Street are told by their higher ups to never worry about systemic risk. They know if the failure is large enough, they will be bailed out.
Good comment. But use [brackets] there instead of (parentheses).
@@daytonasayswhat9333 Huh? Where in English syntax are brackets used?
kasegi Yabu Start by looking up your misuse of “syntax,” then I’ll explain it to you.
I really loved the realistic direction the movie took on how the characters reacted to the crisis. As you delve into the world of finance you learn that you're only a speck of dust in the sea of the market. You really can't do anything to change it. The only thing you can do is react to it sadly; even if you know what's going to happen. This is implicitly told in the story where Jamie and Charlie try to warn the people by contacting the Wallstreet journal for which the journalist did nothing, telling their family of what would happen which nobody listened to. Mark going around telling people how wrong the system which absolutely no one listened to; not even Morgan Stanley, leading them almost to bankruptcy. The market is essentially moved by the people in the market and their fear and most importantly greed. Greed is the ultimate human nature and survival instinct so it's impossible to make the market rational because people just aren't rational. It's sad, I know, but that's just how history repeats itself. As a person who can really strongly relate to Mark Baum (or Steve Eisman), I would think that's what he realized too. Even if you want to save them, you just can save those who aren't willing to listen to you.... Hence the reason why he mentioned the analogy of Noah's arc I believe.
I see you also watched Margin Call.
Hands down one of the best interviewer I have ever seen.
2017: we are not going to go back to the levels of leverage it prompted the collapse
2021: Hwang show them how is done!
This is a good interview!!
A truly fantastic interview, I know very little about the financial markets yet Steve and the interviewer kept me captivated throughout.
Its worse now
I just recently got in the market and after learning a lot, I rlly enjoyed the movie
I really enjoyed this interview! Great questions, even better answers.
Congrats for the interviewer, excellent questions !
This guy looks like he knows what he is talking about, he should try investing
😂
I see what you did there.
Very articulate interviewer.
Luke she's either phenomenally good at interviewing and doing proper research. and/or has a finance background
Probably a combination of both.
Luke She would have voted for Hillary.
And she's smart enough and courteous enough to let him talk - unlike so many ego interviewers. She did her homework and she did a great job.
She's Swedish, so I doubt that. She previously worked for the DN newspaper here in Sweden. She has a degree in political science (pol.kand)
Detta gjorde ni bra EFN, fortsätt med fler såna här intervjuer med big-shotts !
th-cam.com/play/PL-aXa0lr5q4Wf1s6XU8d4Ob6DbuO4lJjV.html
Thanks for posting. Great interview.
Dang, that's a great interview, on both sides. Good job.
Great work. The interviewer tiptoed along the fine line between sticking to the structure of her questions while adapting to the answers he was giving.
Thank you sir, for allowing your story to have been told.
I like him. Obviously very intelligent and best part is he has no problem saying he doesn’t know when asked a question he doesn’t know that answer to. So rare in this day and age. Everyone tries to bullshit their way through a question in fear that if they don’t know something they’ll look stupid. Follow this man’s example.
This guy is so right about quantitative easing. There was never supposed to be more than one quantitative easing. Rome had devalued its denarii by reducing its the silver in its coins from 99% to 50% to in the end about 1%. It never got better and they couldnt properly maintain the army that made them a world power.
Whoever decided Steve Carell against Pitt for this role is a genius
When she asked if the problem was the product or the culture... amazing question! 👏
Steve: "The United States financial system has never been this healthy in my lifetime"
Corona virus: enters room
How convenient that a virus originating in China destroyed Trumps economy, and now Nancy Pelosi and other democrats admit China wants Joe Biden to win. “Nothing to see here folks”
@@QuinnBlessed93 I have to say it's not just the US economy feeling the effects of covid, the Chinese market is also feeling it. And as for China "wanting" Trump not to be reelected, it might have something to do with the trade wars he's engaged in. Trump being re elected would strengthen China's position in my opinion.
Michael Sutton You’re correct that other countires including China are feeling the effects. The difference is that the US is in an election year, while they have a lifelong communist ruler. Their government can afford a recession or even a depression, and their power structure will remain the same. The US is in a power struggle, and China is shifting the leverage towards Joe Biden and the democrats for their own political purposes.
@@michaelsutton7053 lol China doesn’t want Trump not sure how anyone could think that
@@LiMitZplus China certainly prefers Trump over Biden. Contrary to popular beliefs, Biden wasn't born in Beijing.
So much has changed since this interview. Eisman says that leverage is much lower now, which was true in 2017. Fast forward to now, and leverage is now higher than in 2008.
Yes. Makes you wounder. If the government can just make things like this happen and then the banking industry revs up the leverage machine. Causing inflation and higher taxation. God help us all.🥶😈
Hold $AMC
They have commercialized and monetized the existence of humanity to a point where the indoctrinated masses feel their lives have no meaning unless they are consuming what they are told too.
If the Steve Carell portrayal was accurate, Eisman really has mellowed out a lot since the sh-t hit the fan. This was an interesting interview--he is one of the few people I would actually trust about financial matters.
I've seen it half a dozen times and it just get better with age. If every interview could be like that
i'd love to hear his thoughts now. Also, AMAZING host. the whole thing was so captivating.
Fast forward to 2021... leveraged debt is at an all time high.
Sooooooooooooooo much higher! Stupid higher!
Oh look, an actual well-articulated interview.
Very professional and well made interview.
amazing interview on both parts
Knowing next to nothing about economics, it's refreshing to hear Mr. Eisman speak in such a clear, understandable and cordial manner. It would be nice to hear his views about the pandemic's effects on the economy, how to minimize their severity and duration, and how to make the system more robust. (Improved healthcare is one)
Opening: "You're gonna have a bad time."
Never french fry would you should've pizza'd
very good interviewer. she seems highly intelligent and articulate, and holds herself capable when conversing with a man like eisman. great job all round and very interesting watch.
Excellent interview.
"I'm not going to say whether that was right or wrong"
Him in the movie: "it was wrong."
Steve Carell nailed that accent
great interview!
Excellent interview !!!
I'm glad some one else thinks in disasters. My coworkers constantly berate me about it. I always remind them the best way to make sure a system doesn't fail is to understand what causes it to fail.
Great Interview. Can we have a follow up interview, 3 years later? Would be very interesting to hear his views now. Great interviewer by the way.
Excellent video! Wonderful interview.
good interview ... thanks
"just a moment ....just a moment" is this interview taking place in the room at the end of the film 2001?
Daniel Marshall wow didn’t notice
The hallmark of an true expert is someone who is accomplished but still has no problem saying, “I don’t know”. 09:50.
Wonderful conversation!
Great interview. Like to see a follow up.
"interest rates are going up"
"quantitive easing is a failure "
Funny/sad to hear that now
I know right! Real estate crisis 2.0?
Investing Intelligently it won’t be real estate causing this shrinking ship this time around, but it will widen the hole
Why would it be real estate?? This bubble has to do with unlimited QE and MMT.
@@akal1236 It can still be a housing crisis, granted it's under different conditions. JPM put aside 8 Billion+ of their own money for loan defaults + they canceled higher risk mortgages. QE is a sledgehammer to actual capitalism when it's used too frequently. Look at Bank of Japan and the ramifications. We basically become a perpetual Well fare state that can't have enough organic growth to survive a modest Interest rate hike without the system failing. There's a reason the interest rate are dipping negative on the futures. If don't stop QE soon we'll get to a point where we won't be able to dig out of.
the fact that he compared his view of the crisis to Noah's Ark is interesting since Steve Carrol in Evan Almighty becomes Noah and builds a fuckin Ark LoL!
holy shit. haven't thought of that
Good observation!
Fucking lol indeed habibi! Great observation. Too sad that not many people watch this kind of interviews
In Band of Brothers Michael Fassbender is a member of the squad who first encounters a concentration camp, then later in his career becomes the nazi-hunting (and victim of the camps) Magneto in X-Men: First Class
Not the same I know, but I thought it was interesting
@@baronvonfaust He also went on to hunt Nazi's in Inglorious Basterds
Great questions and excellent answers
great interview!! very interesting
God I wish the U.S. had news like this. Much more educational and informative.
This guy is everything I thought he would be in real life.
One of the most underrated movies, absolutely love the big short and it turned me on to the stock market.
Very interesting at 13:20, notice how when he is happy about his phrase, she essentially just repeats everything he says for like 15 seconds, but it seems like she's really engaged with him.
I like this guy even though he’s in finance. Shit, even if he made a buck, at least he cared......
hudsontoo1212 Well fuck a guy for making money like everyone else does
While I generally agree with your statement, he didn't just make a buck, he made a BILLION... so he's in no hurry as he says..
@@panama1942 I'm so late to the party that the place is an ancient ruin, but I'm guessing the OP is not dismissing people for making money, but talking about the sentiment that much of the finance industry makes money without adding value to the economy. And in my opinion, that is a far more interesting and reasonable claim to explore. I know several successful VCs believe that day-trading is practically gambling and much of what hedge funds do is bordering manipulation without benefiting anyone but themselves. I don't even remotely have the knowledge to examine the claims beyond what I want to believe and what the majority believes.
@@Muskar2 You’re not wrong, much of the finance world is just making new securities to bet on and make more money.
@@panama1942 The main pro-argument I've heard is that the securities can help price the market more correctly, but when it comes to high-frequency trading it probably doesn't help the company get a more fair evaluation for the rare times they need to raise capital (e.g. a few times a year). And overwhelming unprofitable startups with negative PR while massively shorting them is arguably neither optimal for the economy. And as I understand it, over-leveraging is the most common systemic flaw in securities.
Steve Carell sounded just like him, that is pretty cool.
Great interview!
Great interviewer. Great interview.
"Interest rates in America are going up". Heh woops
JAW CRACKER JESUS they did. Repo market in September. Interest rates are going to go up and stocks are gonna collapse.
@@actualideas8078 but Stonks go up because printer goes BRRR
@@brendanmcgeown7043 wallstreetbets is leaking
3 years ago?
@@actualideas8078 - don't blaspheme
his look really reminds me of david mitchell,,,
Great interviewer + Great interviewee = Great interview
I enjoyed the intro into this video, awesome work to the editor.. Haha
“I have a feeling, that in a few years from now, they’re going to be back doing the same thing, blaming it on immigrants and poor people.”
Enter 2018/19 -> "Build that wall", which led to the longest US Government shutdown ever.
@@tobynwabu How did that lead to a shutdown?
@@rustynail914 blamed immigrants
@@tobynwabu Way to be vague. How did building a wall lead to a shutdown?
Also, are we discussing illegal or legal immigrants? A wall would keep out illegal immigrants.
You've been sold that illegal immigrants are a problem but I'm asking you to use your god-given brain to think -> what jobs can Jose do? Am I willing to do those jobs? If it happens to be an awesome paying job, then how did status-less Jose get the job without a legal status?
First, call them by their humanity - desperate humans fleeing a desperate situation. Second, are you worried about the Mother who is escaping gangs and rapists with her children or the gang members? If you were the Mother, would you want to cross a wall or go through a border point? If you were a drug lord, would you care which?
Third, are you going to build a skydome and underground sphere? How long will this project take? Will it actually solve the problem? What alternatives exist? On whose land will this project be done? I promise you this, even if Trump wins another election - that Wall will never be completed in his lifetime therefore it'll remain ineffective. Plus, wasn't Mexico supposed to pay for it? 😎
FYI - walls don't stop prisoners, guards with guns and the police chasing down escapes to give longer sentences stop prisoners escaping... And it's four walls, not a line in the sand 😉
Deutsche Bank stock crashes from $ 120 to $ 8.25 ..meantime its still business as usual
And was taking care of you know who, even having a backdoor hand in sitting a justice on SCOTUS
Cite that
Tommy Petraglia and cite that
@@anagramconfirmed1717 Was Google down when you read this?
Zack Colbourne if one makes a claim, it's customary to provide citations along with those claims. Was your school system shut down when you read this?
From subprime to negative bonds and mortgages. I wonder what Steve is thinking of our banks and financial institutions today. Brilliant interview.
Damn, seeing this intervju .. Steve Nailed his role!
As the old saying goes: "Everyone's a genius in a bull market" - add leverage to that, and there's a recipe for disaster.
Love this guy 👌
great interview.
Best. Interview. Ever.
Ironically, he talks about Noah's Ark and Steve Carrell also played in a movie where he built an ark!
Dodd-Frank is gone, CFPB is gone... still think it's safer today?
Neither of those stmts are true.
What an amazing conversation
both the interview and interviewer were amazing. CNBC should take notes