Every atomic assertion extracted from the underlying record, ranked by evidence strength.
The United States banking system has never been this safe in anyone's lifetime.
Brexit negotiations between the U.K. and the European Union are a 'classic game theory' scenario.
Today, Citigroup is levered 10 to 1.
Pre-crisis, Citigroup was levered 35 to 1.
In 2002, Citigroup had been levered 22 to 1.
The first executive order will review country by country possible unfair trade practices, based largely on the question of a trade deficit with those countries.
A couple more rate hikes in 2017 seems reasonable if the economy is a little bit stronger than expected.
Active management should focus on less perfect markets like high yield or emerging markets where there are clear market imperfections.
Senator Elizabeth Warren will probably get on the Senate floor and strongly defend Dodd-Frank.
There is ambiguity regarding tax reform plans, as no one has proposed anything yet.
Citigroup's leverage might increase from 10 times to 12, 13, or 14 times over the next several years.
Increased leverage to 12-14 times is still significantly lower than previous levels.
Bank returns will start to go up because they'll be able to do more things on their balance sheet via the reinterpretation of the Volcker Rule.
The profitability of the banks will go up considerably.
The odds of Dodd-Frank being changed are extremely low because it needs 60 votes in the Senate.
The Volcker Rule will be reinterpreted less strictly.
The United States is the freest trader in the world, with the lowest tariffs and non-tariff barriers, yet has the largest trade deficit.
Lower tax rates could encourage companies to invest more in the United States.
Stress tests will be graded on a different curve starting in 2018.
President Donald Trump's criticisms of trade are valid because millions of jobs were lost due to NAFTA.
NAFTA was sold to the American public as improving GDP and creating millions of jobs.
President Donald Trump's talk of quick bilateral deals is political rhetoric.
The U.S. income tax system creates a disadvantage for the country relative to VAT systems.
Neel Kashkari believes banks are still too levered and should have three times more capital.
Eisman considers Neel Kashkari's view on bank leverage and capital requirements to be ridiculous and insane.
If Citigroup tripled its capital, its return on equity would be 2.5%.
Bad things happen to banks when it is mathematically impossible for them to achieve their cost of capital.
Tripling bank capital would either require spreads on new loans to explode or banks to shrink.
Too little leverage is bad because banks recycle money, and they would not perform that function.
Neel Kashkari's view betrays a complete misunderstanding of how banks work.
The U.S. needs tax reform, which is long overdue.
Eisman is optimistic about good times for active management once rate normalization occurs.
The speed of information flow has not changed the game; interpretation of that flow matters.
A letter from Senator Tom Cotton and others to the Treasury Secretary regarding the Financial Stability Oversight Council (FSOC) jurisdiction is irrelevant.
Governor Daniel Tarullo did a fantastic job regulating banks.
President Donald Trump will be signing two executive orders on trade.
No one actually gets to see what's in the stress tests.
There are about 16 countries with which the U.S. has significant trade deficits.
Bank regulators did about as bad a job as anybody's ever done prior to the financial crisis.
Trade deficits are causing job loss and factories to move offshore.
Secretary of Commerce Wilbur Ross and the U.S. Trade Representative will take a comprehensive look at how trade deficits might be happening.
The investigation will look at differential tariffs, non-tariff barriers, and forced technology transfer.
Wilbur Ross will deliver a report to the president in 90 days, which will guide future trade policy.
The purpose of the investigation is to fulfill a promise to the American people to look into trade abuses and correct them.
A trade deficit does not necessarily equate to unfair trade practices.
The U.S. runs a trade deficit in goods with Canada of over $10 billion, largely driven by oil and energy.
Neel Kashkari showed up and tried to 'blow up' six years of bank regulation.
Large and persistent trade deficits are a proxy for job loss, slow economic growth, and low wages over the last 15 years.
The second executive order addresses anti-dumping and countervailing duty enforcement.
Anti-dumping defends U.S. manufacturers and workers against countries that dump products below cost.
Countervailing duties address foreign governments unfairly subsidizing their industries.
The Department of Commerce has almost 400 active anti-dumping and countervailing duty cases covering 40 countries.
Since 2001, $2.8 billion in anti-dumping and countervailing duties have not been collected.
Failure to collect duties means U.S. industries do not get the relief they were promised.
Customs and Border Protection will be given tools to improve duty collection.
The executive order is an example of interagency cooperation in the new Trump administration.
Secretary Ross, Secretary Kelly, and Commissioner McAleenan worked together on the executive order.
Navarro dismisses discussions of trade wars or tariffs as 'rhetoric'.
The U.S. wants a better deal and will not be the global police at no cost to the rest of the world.
Banks did not willingly accept increased regulation; they were ordered to do it.