tell you -- they are very important in a story like this because they are as revelatory about steve iceman as louis. is the guy dumb? no, he can get out of bed in the morning. he is not that dumb. but he is dumb in the sense that he doesn't persuasively understand his own business. that is eisman's blunt way of getting the point across. >> let's talk about steve. where is he from and where does he live? >> steve eisman was led to me by meredith whitman because she had trained under him. he was new york born and bread, had gone to the university of pennsylvania, brilliant student. went to harvard law school, brilliant school, joined a corporate law firm and hated it immediately. and so he called his mom, as one does when one is in trouble, and his mom and father, they were both prominent brokers at oppenheimer securities, and his mom got him a job as a junior analyst, analyzing nothing as first. in the mid 1990's when he joins, the subprime mortgage market is just beginning. the mortgage market called a subprime market is originating. someone asks him if he wants to be the analyst on it. he becomes