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Re: rickszy post# 214575

Tuesday, 06/22/2010 12:31:43 PM

Tuesday, June 22, 2010 12:31:43 PM

Post# of 735930
<WE know that the funds are there but Rosen has consistently stated that equity, particularly commons, are out of the money!>

Yes, we know that the funds are there.

Rosen gave most of them away to FDIC and JPM.(NOLs)

The extra monies will be "found" when FDIC and JPM graciously agree to take less or none of the NOLs for themselves. This would be the consideration for the dropped claims against them.

With this scenario, Rosen will not be a "liar" for consistently saying that commons were "out of the money".

Assuming the TPS are a wash, WMB bonds claims against WMI are rejected, and WMI receives the 4bil deposit and $5.6bil NOLs, commons are suddenly "in the money". Throw in the estimated $26bil worthless stock loss for the WMB stock, and roughly $9bil in additional NOLs would be available to the estate.

IMO
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