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Tuesday, April 28, 2020 8:38:33 PM
Calabria as regulator or will have control over the capital rule=amount. The private, shareholder elected Board will determine how it is raised.
Nope. This is false. I already quoted the relevant section of HERA (emphasis added):
12 U.S. Code §?4616. Supervisory actions applicable to significantly undercapitalized regulated entities
(b) Specific actionsIn addition to any other actions taken by the Director (including actions under subsection (a)), the Director shall carry out this section by taking, at any time, 1 or more of the following actions with respect to a regulated entity that is classified as significantly undercapitalized:
(3) Acquisition of new capital
Require the regulated entity to acquire new capital in a form and amount determined by the Director.
Form and amount. HERA is quite clear.
You can read it yourself, if you like.
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