Second-loss: Difference between revisions

{{a|negotiation|}}The guy that gets whacked only ''after'' the [[first-loss|first loss]] guy has had all the beating he can take. This can be a source of some comfort, if not empathy, for that [[second-loss|second loss]] person, but this comfort will last only until she realises what was in the portfolio. This reveal will at once, explain how the yield on her second-loss tranche was so damn ''good'', seeming as it so thoroughly did to defy the normal expectations of risk and return, and also make plain how utterly her [[second-loss]] tranche is about to be demolished by the tsunami that has just overwhelmed the flood defences of that poor [[first-loss]] guy, who, as he floats off into the tidal spume with what remains of the wreckage of his notes, will manage to look back on the forthcoming destruction with a sense of inner calm and satisfaction.