<—- clearly this contraption will work
click to see why this one won’t —->bucketworld
key:
RSMB = residential mortgage-backed securities
CDO = collateralised debt obligations
transparency = the contraption has it (you can see why the system failed); the alphabet soup of acronyms precisely doesn’t <— just because you mastered the shorthand doesn’t mean you see where it’s going to crack
tranche = i love this word so much, it basically just means “slice”, but if you asked for a “tranche of cake” the cakecutter is certainly obligated to give you MORE
*yes yes rube goldberg