Yellen is suggesting they will, but there’s no details yet.
I don’t believe the FDIC has the legal authority to do so, but it’s highly possible that the treasury and/or Federal Reserve can cobble together some ad hoc legal justification.
There’s a lot of ways they can just do whatever they want.
It could be as simple as the fed purchasing a large long dated convertible note with very favorable terms from the new entity created for receivership and then turning around and selling that entity to another bank, now that the balance sheet is fine. Or the conceptual equivalent.
I don’t believe the FDIC has the legal authority to do so, but it’s highly possible that the treasury and/or Federal Reserve can cobble together some ad hoc legal justification.