Taken from an Yahoo report on 'gallows humor' on Wall Street:
Another dealer announced in a cheeky e-mail the creation of a new structured product: a Constant Obligation Leveraged Originated Structured Oscillating Money Bridged Asset Guarantee, or COLOStOMyBAG.
One trader noted on the product - a parody of the increasingly bizarre acronyms that have become commonplace in the world of structured finance - "It's basically full of shit."
No one at Bear Stearns or Goldman Sachs could be reached for comment.
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