IF that is legal I looked at that angle. They both keep their charters then no involvement from congress on that one slowing things down. Share structure would stay in place. But what's the value and why go to all this trouble? Why not just do a stock offering to rise the $$ and revise the 4% to 2.5% capital buffer. Gov to cash in the warrants for easy quick $$.
This could be a setup for to crash the stock price so greedy banks can load up? It's going to be a fun week ahead that's for sure.