--ve iceman -- steve iceman steve eisman made a famous bet against some prime mortgages before the 2008sis. it was immortalized in the book and film, "the big short." he's recommending investors short deutsche bank. he explained why in an exclusive conversation with yvonne man. >> deutsche bank has real profitability issues in money and technology and has not spent money in a long time. they are probably undercapitalized. next year. deutsche bank is a problem bank and has to shrink dramatically. >> do you see more consolidation in european banks? >> i cannot speak to europe on whether there will be consolidation or not. i think there will definitely be consolidation in the united states, which is driven by how much companies are spending on technology versus much smaller amounts for regional banks. the regionals will have to merge to bulk up. yvonne: when you talk about excessive leverage, is that where we are going to see the root of it now in this time of the cycle? where do you think china is in the cycle at the moment? >> i am not going to comment on china. i have not studied china