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Re: Civil War General post# 270284

Tuesday, 01/11/2011 4:01:59 PM

Tuesday, January 11, 2011 4:01:59 PM

Post# of 731370
No, 5B is calculated 35% of advantage of federal tax of total 17B of NOLs. In other words, new WMI could only use 5B for the tax saving. However, to liquidating this privileage, the buyer is only willing to pay 20% of the 5.5B, that is the market value for new investors if WMI is lucky.
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