......I understand..........that's all legit..........but the game changes after the bank is gone..................and the bank is gone...........
.........the IRS now takes over........the income tax returns, current, amended and future, all have embedded balance sheets.........this is where the net OPERATING losses are taken from..........actually the losses are taken from the basic tax return, but the accumulated deferred tax assets or loss carryforwards (carryBACKS) are right here.........FRONT AND CENTER............
.....I don't wanna sound like Mr. tax loss wizard...........even though I iz one...................but the point is the IRS and FDIC and SEC gotta sign off on the NOLs...........................and these numbers are used by the BUYER of the holding company.........FNBC/Q...........
......takes a long, long time.....................even in the BK........could be disputes, suits within and outside the BK........etc.........definitely a mess...................years worth, imo............and at 6 pennies per.............................
