Tuesday, February 07, 2017 4:54:45 PM
Yes, ... The FDIC needs to pay WMI' for "WMB and its assets" which were sold to JPMC without a government' mandated proper evaluation', as agreed upon in the - "the Settlement" - allowed for in the Approved Plan (actually, in both plan 6 & 7, our addition had nothing to do with this settlement)
So Far ? the FDIC has not yet' paid up ? so, WMI (reorganized WMIH-Corp) has also NOT YET' released ... "WMB and its assets" ... from the Original' WMI Tax Group' ... and also' ?
So Far ? because of the FDIC's lack of payment ? ... JPMC has NOT YET received a complete transfer of ownership of ... "WMB and its assets" ...
- "WMB and its assets" - are ? and continue to be' intertwined within the Original WMI Tax Group' ... which is now, the reorganized WMIH-Corp ...
however, this original (2010) settlement accommodation' between WMI and the FDIC, has zero to do with an "Interest" in the Liquidating Trust' ... The LT will simply be utilized in its true function as a Pass-Through entity' ...
and also Yes' ... since WMI is not expected to pay tax on its own property seized' ? ... The Capital Loss Tax Allowance was applicable' ... That' CL' General IRS Tax Allowance is able to be used by a reorganized company for five years' which ends on March 16th, 2017' ... ($17.7 Billion + $6.5 Billion X 35% = Approx' $8.37 in CL Tax Credit) ...
AZ
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