Yes, it's similar to Kmart but with the exception that unlike Kmart, we retail equity share holders didn't get "kicked out" (per POR 1 thru 6) and thanks to Nate, WM, and Susman & Staff, we get a chance to "ride with the Big Boys"/SNHs per POR 7. And yes WMIH gets NOL/tax benefits of approximately $2.1 Billion (35% of $6 Billion). However, according to Steve Susman (when he was first appointment as EC Council,) the real "...value and chance of recovery for Common Shareholders was the WaMu Estate" (now the WMLT)