The David Lin Report · Friday, August 28, 2026
Steve Eisman expressed skepticism regarding the effectiveness of Treasury intervention to cap long-term interest rates, particularly with a proposed $4 billion bond purchase. He argued that such a small amount would have negligible impact and that past quantitative easing by the Fed also had minimal effect on the economy, primarily boosting stock prices.
“The Treasury has what, $4 billion that they're going to buy treasuries with? It's not even a basis point.”
“It's the same People do agree with you, Steve, but they also say it's the signaling that matters. Do you agree? No, I don't think it matters.”
“The Fed did this with quantitative easing to try and do the same thing. It had absolutely zero impact on the US economy.”