Really what takes Calabria do long to get anything done? I think the plan must have been all along to build some capital on retained earnings before doing anything meaningful but they certainly slow walked the capital standards plan rollout. I really don’t see why that needs to be finalized before dealing with the PSPA’s however - though it’s also obvious the Treasury isn’t in a hurry to give up their $ and leverage. Hopeful but remain skeptical thus really gets done / but it’s been years so what another 6 months
Many persons have been saying that this consent decree, settlement, etc will happen after the election and before Biden is sworn in. (I get it "if" Biden wins, I'm just using the theory)
You just gave the perfect reason why this needs to get done before the election.
I agree that Warren and Pelosi will go nuts to stop all if Biden wins as you just said.
Does Calabria and Mnuchin know this will happen also is the big question. IMO
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