The Bubble Is Complete: 'Smart Money' Buys Into Bespoke Tranche "Opportunity" (Again)

[Lodestar]

It worked so well the first time...play it again Uncle Sam.

Last month we noted that Goldman’s “hawking” (to use Bloomberg’s rather derisive terminology) of an “opportunity” in synthetic CDOs symbolizes the culmination of central bankers’ and Wall Street’s collective effort to return the financial world to the pre-crisis glory days of Dr. Frankenstein-like financial engineering. To truly understand how we’ve come full circle since the collapse, we need to look at exactly what it is Goldman is pushing (and what Citi is still, as of last Friday, pitching as a good opportunity for 2015).

http://www.zerohedge.com/news/2015-03-09/bubble-complete-smart-money-buys-bespoke-tranche-opportunity-again

What Is A Bespoke Tranche Opportunity? 'The Big Short' Ends With A Big Warning
http://www.bustle.com/articles/136706-what-is-a-bespoke-tranche-opportunity-the-big-short-ends-with-a-big-warning

[elleng]

1. Here they go again.

'The Big Short' Ends With A Big Warning.

[Kittycat]

2. KBR

[Spitfire of ATJ]

3. Oh, come on. History has proven that greedy people never lie to make money.

[phantom power]

4. The government bailed them out, and nobody went to prison, and they all got richer.

You'd have to be smoking the dope to believe they were going to change their behavior. They'd be insane to change their behavior, seeing as how they were all rewarded for it.