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by EdwardDiego 992 days ago
I wanna know who the critical third party was, and also why the regulators said "Yeah but nah"
1 comments

Did the regulators say no to Braid specifically? Felt more like the regulators were putting pressure on the sponsor bank to get out of risky businesses in general.
Author here, yes this is what happened. It wasn't related to our model specifically but rather to the bank's entire portfolio.