Navy, one issue is how to safeguard the plan from future administration changes of view -- whether change of Government or Treasury secretary
But Treasury and FHFA, representing companies, could sign contracts locking in certain things
Then IF Calabria is not dismissable for cause, then Calabria would stand over the agree-upon process as it moves forward for 4-5 years
Puts a different light on Calabria's change of heart on FHFA being constitutional or not perhaps
We shall learn a bit more when the plan comes out, but I think that is after en banc ruling, since that likely heavily impacts a lot
We shall see this summer - I hope
The TBTF lobby, as we saw with Bloomberg, is now desperately trying to stall the process in hopes of a friendlier Democratic President...
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