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He was referring to the undoing of a $17 million venture round at BitTorrent and subsequent recapitalization that we reported yesterday.
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The recapitalization of our financial institutions and their subsequent re-regulation has made it possible for us to begin to think about how they can now serve as agents in our recovery at the scale needed.
"This is a recapitalization.
It is instead a recapitalization.
That initial recapitalization was necessary.
It also must complete a bank recapitalization.
None needed recapitalization or government guarantees.
But rapid recapitalization is likely to be required.
Failing that, "the government is responsible for recapitalization," he added.
Then the difference of various recapitalization mechanisms comes into play.
Should dual class recapitalizations be completely prohibited solely because collective action problems prevent shareholders from voting down bad recapitalization proposals?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com