Tuesday, July 10, 2018 8:29:09 PM
All that you posted is true until JPM/FDIC pays WMI "the Final Payment" for "WMB and it's assets". Yes, WMI abandoned the one share of WMB stock to the FDIC so the FDIC could process and close the WMB seizure as in #5885.
"The Final Payment" price tag for "WMB and it's assets" is $299 Billion, minus the pre-seizure losses of WMB. When JPM/FDIC make the payment for "WMB and it's assets" to WMI, that NOL goes away. No loss, No NOL.
The pre-seizure losses of WMB as litigated in "The D.C. Dual Tracking Litigation" are the current going forward NOLs that NSM will participate in with the Merger. Using numbers from NSM Merger, the pre-seizure losses of WMB must be around $17B using the numbers you site.
$299B - 17B = $282B, 3X for "Willful Misconduct" (RICO) is $846B for "the Final Payment" for "WMB and it's assets", plus interest (1.95% FJR).
Hint; 141-S4V. First the WMIIC(New-WaMu1031-Wand) Acquisition, then the NSM Merger.
HLCE,
Ron
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