“Let me explain that because its not intuitively obvious how the two are connected. My thesis is that one of the underline causes of the financial crisis was dead income distribution.”
More from Steve Eisman
“What they didn't really notice is that as they kept making money every single year, the…”
“We'll make loans to people we didn't make loans to before. Rather than get incomes up they…”
“No, I didn't expect that it would happen that quickly. A lot of that is the fact that the…”