Why Eisman Is Shorting Subprime Auto Lender Credit Acceptance

The video discusses the concept of shorting a position, focusing on a significant short position in Credit Acceptance, a major subprime auto lender. The speaker clarifies that the short is not due to expected credit losses but is based on regulatory concerns, particularly a lawsuit by the Massachusetts Attorney General for predatory lending practices. The potential for increased regulation under a new Consumer Financial Protection Bureau head is highlighted. The speaker does not engage with the company, relying on the lawsuit's details to support their thesis.

What is the speaker's stance on communicating with Credit Acceptance regarding their criticisms?

Summarize the speaker's thesis regarding the future of Credit Acceptance.