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Re: drrugby post# 90309

Sunday, 08/30/2009 8:51:54 PM

Sunday, August 30, 2009 8:51:54 PM

Post# of 732190
Referring to Mord's post, the law was changed by the former treasury head (paulson) so that companies could indeed purchase others and retain their nol benefit.
It was done secretly without the knowledge of congress/oversight committe and when detected, was supposed to be reversed or amended earlier this year. Done to prevent predatory firms like GoldSachs et al from "trafficking" in tax benefits.
WAS THIS EVER DONE???
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