2min chapter

Odd Lots cover image

Steve Eisman on Banks, AI and His Next Big Bet

Odd Lots

CHAPTER

The Financial Services Mafia

There's always a trade. You know, the banks are very, very cheap on a price to book. They're very,very cheap on earnings. The problem is that because of the money leaving the banks into money market funds, it's more likely than not an estimates are too high. If big, if we go into recession, we'll have a credit cycle. And I mean, the joke in amongst the people,. you know, that what I call the financial services mafia is the banks have collapsed and we haven't even had a credit cycle yet. Okay. One more banking question, but you mentioned one more banking question. Are we going to have, or, you know,

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