Replies to post #376375 on Fannie Mae-No Politics (FNMA)

[big-yank]

Ridiculous and totally incorrect. A recapitalization is a restructuring. But that was NOT what Mnuchin made reference to which was a restructuring. Not all restructurings are recaps.

Is all pizza food? Yes. But is all food pizza? No.

[rekcusdo]

"Recapitalization is restructuring a company's debt and equity mixture, often with the aim of making a company's capital structure more stable or optimal. Essentially, the process involves the exchange of one form of financing for another, such as removing preferred shares from the company's capital structure and replacing them with bonds. "

I asked for a definition of Restructuring that shows it as defined as Recapitalizing and instead, you gave me a definition of Recapitalization.

I think EVERYONE knows that Recapitalization is a form of Restructuring. But YOUR contention was that Restructuring REQUIRES Recapitalization...which is of course, false.