Daily Traders Edge

‘The Big Short’ star who nailed the financial crisis says this is what will happen under Trump – CNBC

December 19
15:40 2016

Steven Eisman, the strategist portrayed by Steve Carell in “The Big Short,” told CNBC on Monday he believes President-elect Donald Trump’s administration will roll back financial regulations.

Eisman, senior portfolio manager at Neuberger Berman, said he would be as “long as I can be” on financial stocks.

Eisman, whose bet against the subprime housing market prior to the 2008 financial crisis was depicted in the 2015 movie, told CNBC’s “Squawk Box” he was “a little bit schizophrenic” on the markets.

He said the Dodd-Frank financial regulations, put in place after the financial crisis, is “good law” that should not be changed. However, he said he understands that under the Trump administration, change is likely to come.

Eisman said bought the financial sector the day after the election and has invested more since then.

Continue Reading At CNBC

Related Articles

Newsletter Signup

Sign up for our free newsletter