Eisman Says Cohn Should Have Studied Clearinghouse Issue

The transcript discusses the concerns about transparency and liquid assets in clearing houses, with Gary Cohn suggesting a potential systemic problem. The speaker disagrees, emphasizing the need for a Treasury study before forming opinions. The conversation shifts to bank failures, regulation, and the swaps market, highlighting the reduced production of credit default swaps due to higher capital requirements. The speaker questions the validity of Cohn's concerns without proper study.

What types of swaps does the speaker mention, and which one is identified as a real area of concern?

What does the speaker suggest about the current state of credit default swaps compared to the past?