Washington Mutual Preferred fka WAMPQ

[etzetrade]

It has happened on my previous S-company before. It carries 20 years for my personal tax. Assuming your tax bracket is 40% then your total saving in $ is 32B x 40% for federal tax. If I move out from A to B states, then B State will not recognize your NOLs.

It brings my concern that common will be wiped out after reorganization. The NEW WMI will use this NOLs to attract new partner and new investors. Keeping the old common doesn't do good to new company. To continuing operation is the main purpose of BK court's decision. Prefs will be wiped out as happened in Cit Group.

Appreciate your comments