Steve Eisman Ups U.K. Short Bets to Three Banks on Brexit

The transcript discusses the uncertainty in the market due to Brexit, highlighting the fluid situation and the challenges in taking a firm position. It compares the financial health of banks in the US, UK, and Europe, noting differences in their balance sheets. Theresa May's efforts in Brexit negotiations, including seeking legally binding changes in the backstop, are covered. The possibility of a no deal Brexit is explored, emphasizing the need for the UK and Europe to find a way to coexist and trade.

What is the main reason the speaker is hesitant to take a firm position on UK banks?

• The banks have strong balance sheets.

• The UK economy is booming.

• Brexit has been resolved.

• The situation is too unpredictable.

How does the speaker describe the financial health of banks in the US compared to those in the UK and Europe?

• US banks are less healthy.

• UK banks are more stable.

• European banks are the strongest.

• US banks have stronger balance sheets.

What is Theresa May seeking in her negotiations with Brussels?

• A complete withdrawal from the EU.

• A new financial agreement.

• Legally binding changes in the backstop.

• An increase in trade tariffs.

What is the speaker's view on the possibility of a no-deal Brexit?

• It is completely off the table.

• It is still a possibility.

• It has already been decided.

• It is a definite outcome.

According to the speaker, what do the UK and Europe need to do post-Brexit?

• Stop trading with each other.

• Become completely independent.

• Find a way to coexist and trade.

• Merge their economies.