Leon Cooperman, Omega Family Office chairman and CEO, joins ‘Squawk Box’ to discuss his thoughts on the market, whether there’s contagion risk from the banking crisis, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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Leon Cooperman is a prominent American investor and philanthropist. He is best known as the founder and CEO of Omega Advisors, a hedge fund that manages over $3 billion in assets. Cooperman is also deeply involved in philanthropy, having donated millions of dollars to various charities and causes.
Cooperman has been a vocal critic of the government’s response to the banking crisis that began in 2008. He has argued that the government’s actions were misguided and did more harm than good.
According to Cooperman, the government’s decision to bail out large banks and financial institutions was a mistake. He believes that these institutions should have been allowed to fail, as this would have sent a clear message that risky behavior would not be tolerated. Instead, the government’s actions created a moral hazard, where banks and financial institutions knew that they were too big to fail and could engage in risky behavior without fear of consequences.
Cooperman also believes that the government’s response was overly bureaucratic and lacked common sense. He has argued that the government’s regulations and restrictions on banks and financial institutions have hindered their ability to provide credit to businesses and consumers.
Cooperman has called for a more balanced approach to addressing the banking crisis. He believes that the government must hold banks and financial institutions accountable for their actions, while also providing them with the flexibility they need to operate effectively.
Despite his criticisms, Cooperman remains optimistic about the future of the US economy. He believes that the country has a strong entrepreneurial spirit and that it will ultimately overcome the challenges posed by the banking crisis.
In conclusion, Leon Cooperman is a prominent investor and philanthropist who has been critical of the government’s response to the banking crisis. While he believes that the government’s actions were misguided, he remains optimistic about the future of the US economy. Cooperman’s perspective offers a valuable insight into the ongoing debate over how to best address the challenges posed by the banking crisis.
Do you really have an economy that is the envy of the world? If so, why are you 21st place on the Human Development Index. What's the point in your economy being the supposed envy of the world when most of western Europe has a better standard of living?
The guy talks about being a free market capitalist, and then talks about the government giving Oil companies incentives to produce… ya definitely "free market"
I only watch Leon to see him cry and lose money
i'm glad I got into crypto when I did because it’s been a turning point for me financially,been my best decision so far
I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
Nobody should be listening to these propagandists
Ευχαριστώ πολύ ❤
Leon is spot on, per usual!!
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Samantha Jack. I now make huge profits by weekly through her services while still learning to stand on my own.
The major challenges investors face may range from controlling impulsiveness to the frail of compulsion , Most newbies , would-be investors often undermine and most often neglect the importance of technical analysis with regards to trading. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market. Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements. Permit me to say that, it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. However , i will advice investors and newbies to take full advantage and have total control of the market to buy and not to hodl at this rate but to trade with Benjamin Mason’s strategy/daily signals which has been so profitable and accurate.
The major challenges investors face may range from controlling impulsiveness to the frail of compulsion , Most newbies , would-be investors often undermine and most often neglect the importance of technical analysis with regards to trading. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market. Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements. Permit me to say that, it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. However , i will advice investors and newbies to take full advantage and have total control of the market to buy and not to hodl at this rate but to trade with Benjamin Mason’s strategy/daily signals which has been so profitable and accurate.
Love Cooperman. Always interesting.
Rare great guest
Basically Joe Biden is ruining USA
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately $350k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
Trying to hold down inflation (inflation and supply and demand are different things) by reducing demand is the wrong way to do it. True they both effect prices , but trying to control one with the other amounts to damage to our economy every time. Government spending to much and then damage the people because of it amounts to bad government. Supply and demand reduction by putting people out of business and fired is also wrong. People don't want higher prices , but really don't want fired even more. The real cure is government spend less. We the people must work our way out of the higher amount of money supply. Higher prices can't be stopped now. Fed can only slow it, but it's a bell curve and slower = longer. But the same amount is still coming. Because it's the same amount of money supply. Higher money supply = higher prices by the same % slower or faster is the same thing. One just has us all working while the other hurts us all , including government , because we'll pay less tax too.
A statist economy. Becoming more like China everyday.
Policy makers truly believed they could print as much as they wanted. Without inflation. 09 crash and subsequent decade of low inflation conditioned policy makers to believe low inflation was permanent. Now we have bubbles everywhere and inflation rising.
Charging Up 3 % Today. * IQST…IQSTEL.. 4 Divisions. Profitable. New EV Motorcycles in Production and E-mark Testing Certification in Spain. EU / USA Retail Plans Initially. * XOS EV Trucks Up 11 % Today. Recent 2022 Financial Report.
Dollar is crashing every week
get your money out of the small banks !!
Stock repurchase with tax payers bailout Money , company so executives can sell their stock options at higher price . Is this OLD guy financially illiterate or just intentionally avoiding this scenario? But this is one of the main reason why stock buybacks are frowned upon.
the crying old guy kkkkkkkkkk If he losing money he will cry kkkkk