Steve Eisman Discusses Online Lending, Current Market Opportunities

Steve Eisman is famous for shorting the subprime housing market prior to the financial crisis; he recently spoke at the CFA Institute’s annual conference in Hong Kong; there, he said that he does not see any systemic risks on the horizon and that credit quality keeps getting better; he was less bullish on the p2p or marketplace lending sector mentioning the risk of fickle investors and the differing models between online lenders and an e-commerce marketplace such as Amazon. Source

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