We need the government to force the banks to write down all their bad assets now and then recapitalize themselves, preferably with private capital. Those banks that cannot raise sufficient capital should be seized and their deposits sold off.

Steve Eisman

Elon Musk is a very, very smart man, but there are a lot of smart people in this world, and you've got to execute. He's got execution problems.

Steve Eisman

What value does cryptocurrency actually add? No one's been able to answer that question for me.

Steve Eisman

Do your own homework. I can't overstate the importance of this.

Steve Eisman

Deutsche Bank has a very simple problem. It doesn't make money.

Steve Eisman

Alan Greenspan is the worst Chairman of the Fed in history.

Steve Eisman

Deutsche Bank is a problem bank.

Steve Eisman

The single greatest line I ever wrote as an analyst was after Lomas said they were hedged: 'The Lomas Financial Corporation is a perfectly hedged financial institution: it loses money in every conceivable interest rate environment.' I enjoyed writing that sentence more than any sentence I ever wrote.

Steve Eisman

I don't see the value in Tesla.

Steve Eisman

The world needs more standardization, less innovation.

Steve Eisman

The one stock in my portfolio which I say hasn't worked yet but has the potential for a big home run is General Motors.

Steve Eisman

When I started out as an equity analyst, we had no securitization data. We relied on company data.

Steve Eisman

My parents worked as brokers at Oppenheimer securities. They managed to finagle me a job.

Steve Eisman

Financial innovation is an oxymoron. It's very rare that there is something that's actually financial innovation. It's a euphemism for hiding leverage.

Steve Eisman

Running my fund in 2008 felt a little like being Noah. Noah builds his ark, and he puts his family on the ark, and off they go. So he and his family are safe, and everybody else is dying.

Steve Eisman

I'm shorting two stocks in the U.K., but I've got a screen of about 50, and I might short all 50 if I think Jeremy Corbyn is going to be prime minister.

Steve Eisman

The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications of a hard Brexit are very bad, and they believe that a recession will take place in the U.K., and that would clearly be negative for banks of the U.K.

Steve Eisman

Citi is the cheapest large bank.

Steve Eisman

It's very hard to argue with someone who thinks he is God because he makes a lot of money.

Steve Eisman

What is very negative is that in every country in Europe, the largest owner of that country's sovereign bonds are that country's banks.

Steve Eisman

I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task.

Steve Eisman