And the exact details of the plan also depend on the capital rule, and requirements, laid down by FHFA -- which does not happen till the Fall...
So it is interesting how the process works -- a "plan" laying out the general shape of R&R in the next month (perhaps configured by en banc ruling) and then the more exact numbers in Fall after capital rule is laid out
Nothing known really till the "plan" and then the capital rule
The primary plan is to prevent another tax payer bailout. This is done by recapitalization in order to achieve a safe and solvent state. The primary goal of the plan is not to screw over the shareholders. I doubt the government even cares if shareholders make out like bandits or not. The government, however, completely cares about the tax payers. Do no harm to the tax payers.
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