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Thursday, January 05, 2017 1:26:01 PM
Sears Holdings yesterday announced a restructuring by closing 140 Kmart and Sear under-performing retail locations. It had nothing to do with a financial recap. Just a need to stem the financial loss hemorrhaging.
Mnuchin never inferred any kind of recapitalization of Fannie Mae in his remarks to date that I have ever seen. Please feel free to correct me if you have evidence, otherwise. But, for the record, "restructuring" does not mean "recapitalizing" in business.
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