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Post# of 735723
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JohnnyWinter

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JohnnyWinter

Re: Texan77 post# 147840

Friday, 02/05/2010 4:24:23 PM

Friday, February 05, 2010 4:24:23 PM

Post# of 735723
Today's ruling did make it clear that WMI and WMB were/are different entities/businesses.

That is good as far as the elimination of claims, however, it is also clear support for the fact that WMI is not entitled to WMB's NOLs. WMI indeed was not WMB, and therefore they do not get to enjoy the NOLs. (There are laws that spell it out as well, but today's ruling should make this a little more clear to some of the NOL dreamers.)

Congratulations , and SORRY!

Numbers don't lie, people do.

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