Steve Eisman of “The Big Short” fame said that if the spread of the banking crisis stops the Federal Reserve from raising interest rates next week, investors should be fazed by that. “Fifty basis points is off the table. So, they’re either going to do 25 basis points or they’re not going to do anything,” Eisman said on CNBC’s “Fast Money” Wednesday afternoon. “If the Fed doesn’t raise rates, … it could be positive in a few hours or a few weeks,” he said. “But the Fed won’t raise rates out of fear. Well, if the Fed is scared, you should be scared.” Market prices now point to a coin flip for a 25-basis rate hike when the Fed meets March 21-22, according to CME Group data Wednesday evening. Tighter barriers have eased with the collapse of Silicon Valley Bank and Signature Bank, and as the banking mess spreads to Europe. Eisman, a senior portfolio manager at Neuberger Berman, said the central bank is caught in a difficult position because if it raises rates next week, it risks adding pressure to already tight financial conditions. “On the other hand, if the Fed raises rates, even in the face of this… that’s like, wait a minute, you’re sort of caught between a rock and a hard place,” the investor said. “Financial conditions are really tight, but you still have inflation. It’s not clear that these measures are good.” Earlier in his career, when he ran a hedge fund at FrontPoint Partners, Eisman famously shortlisted subprime mortgages before the 2008 financial crisis. This was told in Michael Lewis’ book “The Big Short: Inside the Doomsday Machine” and the subsequent Oscar-winning film adaptation. Eisman then launched his own fund, Emrys Partners, which closed in 2014. Swiss regulators announced Wednesday that the country’s central bank would provide Credit Suisse with liquidity if needed. Investors were concerned after Saudi National Bank, Credit Suisse’s biggest investor, said it could no longer provide funding. “Credit Suisse, I would say euphemistically, has been a problem child in the investment banking industry for as long as I can remember,” Eisman said.