Owners of depleted corporate capital aren't likely to get it back, even if loss estimates that supported the write downs were too high, according to a statement issued today from Chairman Debbie Matz.
Matz referred to the regulator's closed Nov. 5 meeting with corporate credit union leaders, saying the NCUA has "carefully weighed the issues and considerations raised by stakeholders."
"Any successful solution will hinge on whether or not current holders of depleted capital accounts can legally retain some form of rights to any future earnings on corporates' 'legacy assets,'" Matz said.
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