For years, investment banks put together packages made up of thousands of mortgage loans to sell them to the highest bidders, and buyers happily picked them up because they promised high returns. So, what are bespoke tranche opportunities, and why is the film worried about them?Īccording to Bloomberg News, a bespoke tranche opportunity is just a fancy new word for what was formally known as a CDO, or a collateralized debt obligation. Nominated for five Oscars, The Big Short offers a different look at the subprime mortgage crisis that nearly dismantled the American economy, and the film's final warning that history is set to repeat itself has spurred outrage at how little progress we may have actually made. But it's clear that things are hardly a distant memory. ![]() America has come a long way since the 2008 financial crisis, and the country's housing markets are on track to have its best year since before the recession.
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