To get $50B+ incentive from warrant, 3R is essential
Cash NWS can't be restarted because FHFA said in the court that they have stopped it.
In order to get incentive of $50B-$100B from warrant, Gov has no option but 3R. Gov can give warrant back to GSE to be used in all kind on incentives mentioned in SOTU. If Gov excercise Warrant then that Billions will be controlled by the Congress.
ST delayed capital reserve announcement to align with bank's capital reserve announcement via Basel3.