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⭐️⭐️⭐️ Interview with two who recognized the sub-prime crisis and ran ‘The Big Short’ for real.
“Michael Lewis speaks with Greg Lippmann, formerly a bond trader at Deutsche Bank, made famous when he was portrayed by Ryan Gosling in the movie version of The Big Short. And Lewis catches up with Steve Eisman, the Wall Street investor who was played by actor Steve Carell.”
🧵Steve Eisman ‘Big Short’ interview
Michael Lewis: Do you see anything going on in the banking system that worries you?
Steve Eisman: [The Private Equity is world is multiples bigger. No one really knows what’s going on there and it hasn’t been stress tested like the banking system] If there’s a problem that emerges, I think it’ll emerge from there.
#BigShort #privateequity
https://overcast.fm/+AA5Jd4bfg9s/24:20
@Roundtrip doesn't most of the money to pay for PE acquisitions come from the banks?
@billseitz
It’s financial engineering all the way down… I suspect — more or less — similar to sub-prime packaging.
ooh! thnx for the tip
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