Replies to post #376382 on Fannie Mae-No Politics (FNMA)

[rekcusdo]

No problem...it came from the same source you provided me when you defined recapitalization and tried to pass it off as support to show all restructuring requires recapitalization...

http://www.investopedia.com/terms/r/restructuring.asp

They also provide an example:

Example of Restructuring
In July 2016, Arch Coal, Inc. completed a settlement with the Official Committee of Unsecured Creditors (UCC) and some of its senior secured lenders holding over 66% of its first-lien term loan. As part of the company's restructuring plan, Arch filed an amended Plan of Reorganization involving the settlement, and a related Disclosure Statement with the U.S. Bankruptcy Court for the Eastern District of Missouri. After approval of the Disclosure Statement, Arch plans to gain lender approval and request the Bankruptcy Court’s confirmation of the Plan, according to the timeline stated in the Global Settlement Agreement.

I see no recapitalization there....