Wednesday, February 24, 2010 11:20:11 AM
NOL= Net Operating Loss
SJ= Summary Judgement
JMHO= Just My Humble Opinion
SJ in this case refers to the 4 billion in cash deposit that WMI owns, but is currently in JPM's possession, arguments have all been heard about it, waiting for the judge to rule.
NOL's allow a business to carry forward (or backward) losses for tax purposes, WMI has an estimated 5.6 billion in NOL refunds due to the estate from the IRS, once again, JPM has disputed ownership of those funds, so we are waiting there too.
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