Subject: Re: Boomer Candy
Bingo. Yes, these offerings and comments remind me of a wise Warren 2004 AGM quote:
“Wall Street will sell what it can sell, just remember that…In fact, If they are good at marketing, they don’t have to be good at anything else.”

An interesting coda to that thought:
The index put options that Mr Buffett sold some years back were almost certainly bought by someone building a structured product like this. For many a deal, if being on one side is dumb or useless, being on the other side is smart or useful.

Jim