![You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.](/assets/img/quote-photos/youve-seen-certain-credit-type-products-that-are-going-to-be-in-nonbanks-like-s.jpg)
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