Steve Eisman
speaker
277 appearances
2 recordings
1 series
first heard Mar 2026
last heard 6 Aug
Steve Eisman’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
And every week for the last probably two months, I'm speaking about private credit.
And just amusing for your viewers, I start writing the rap when I wake up Monday, and I do work every single day.
And so for the last several weeks, the way it's been written, it goes, and then there was some more bad news about private credit on Monday, blah, blah, blah.
And then I wake up Tuesday and then I edit a paragraph.
And on Tuesday, blah, blah, blah.
And on Wednesday.
And so it's absolutely relentless.
Yes.
So let me – let's take a step back.
There are two issues here.
They're related but they're not exactly the same.
The two issues are –
Should private credit have been sold to retail?
Right.
And I think the answer to that question is mostly no.
And we're suffering the ramifications of that right now.
And the second issue, which is related, is are we starting a credit cycle in private credit?
And how bad is it going to be?
So let me address the first question first, and then we'll get to the second question, because every piece of news that you hear is related to that.
Private credit funds were originally created for institutional money, and that makes a lot of sense because you're talking about long-term illiquid loans, and institutions know what they're getting.
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