Eisman of ‘The Big Short’ Doubts Cohn Warning on Clearinghouses
- Neuberger fund manager suggests Treasury study the issue
- Department report in 2016 noted potential for systemic risks
Eisman Says Cohn Should Have Studied Clearinghouses
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Steve Eisman isn’t convinced Gary Cohn knows what he’s talking about. At least when it comes to clearinghouses.
The Neuberger Berman Group fund manager, who was featured in Michael Lewis’s book “The Big Short,” said he doesn’t share the view of President Donald Trump’s chief economic adviser that clearinghouses are a “new systemic problem.” Cohn, who was Goldman Sachs Group Inc.’s president and chief operating officer before joining the administration, made the comments at a banking conference in Washington on Sunday.