Do you think a lower threshold for release will be established?
Yes
Who is going to buy any of Treasury's stake while any of the seniors remain?
Any investor. As long as there is some type of commitment on write down based upon a certain level of capital being raised or any variation thereof. There will of course have to be an amendment.
Best outcome we have would be if cfc appeals court rules in favor of a derivative takings and/or a direct temporary or partial takings. I think if that happens all other cases get mooted or vice versa cause you can't have 2 bites of the apple. If it is determined there is a full takings we are all screwed prospectively.
Nothing is going to happen administratively until there is some direction with the lawsuits.