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'The Big Short' star who nailed the financial crisis says this is what will happen under Trump

CNBC logo CNBC 19/12/2016 Matthew J. Belvedere

Steven Eisman, senior portfolio manager at Neuberger Berman, told CNBC on Monday he believes President-elect Donald Trump's administration will roll back financial regulations.

Eisman — who famously bet against the subprime housing market prior to the 2008 financial crisis and was depicted in "The Big Short" by Steve Carell — said he would be as "long as I can be" on financial stocks.

Describing himself as "a little bit schizophrenic" on the markets, Eisman said the Dodd-Frank financial regulations put in place after the financial crisis is "good law" that should not be changed.

However, he said he understands that under the Trump administration change is likely to come.

Eisman said he bought the financial sector the day after the election and has invested more since then.

"I'm very long" the stock market overall, he added. 

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