The Dodd-Frank Wall Street Reform Act — designed to help prevent another financial crisis, has not discouraged banks from lending — as many critics of the regulations contend, said Steven Eisman, the strategist portrayed by Steve Carell in "The Big Short."
Eisman, a senior portfolio manager at Neuberger Berman, said the argument that Dodd-Frank has slowed loan activity "certainly sounds great," but "there's only one problem with the thesis, it's not true."
The only lending area that's really been negatively impacted since the 2008 crisis has been mortgages, he said. "That's not a Dodd-Frank issue. That's a post-crisis, banks-have-been-fined issue."