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Re: oilstrike post# 365281

Sunday, 03/04/2012 8:49:33 AM

Sunday, March 04, 2012 8:49:33 AM

Post# of 729971
Oil, if Diamond does not mind I will speak for him and this is with a great post from Muchfaster on Y who I agree whole heartedly with. The only thing I disagree with Muchfaster is that he is way conservative but Much also points this out. So when you read this EXCELLENT post from Much, let it soak in and be thankful. I told Much after reading his post that I was very angry and happy all at the same time so read on and you too will understand.


first, thanks to all who wished me well, i`m out of the hospital since friday, and i feel much better now smile9

for the nols or as i like it better the taxcarryforwards (taxcarryforwards include booth nols and capital losses):

the first part, the capital injections from before the seizure, the 6,5 bio, they are mentioned in the hochberg tales aka examinerreport.

and the numbers fit, if you add the capital loss by the siezure of 26 bio dollars. and then reduce it with rosens numbers of 12 bio used for nthe taxrefunds and the 14,5 bio double reduction for the wmb losses.

again, take the capital losses from before the seizure of 6,5 bio and add the 26 bio losses for the worthless wmb shares.

now you have 32,5 bio losses, and the irs gave them the status of nols, in the letter.

but, jpm has got with the wmb also the wmb losses of 14,5 bio. and to prevent double counting, there could be only one, who can use this nols, wmb (jpm) or wmi.

and wmi (rosen and kosturos) was convinced by jpm, that the nols could only be used by wmb, and therefore the wmi nols of 32,5 bio must be reduced by the 14,5 bio nof the wmb nols (only if wmi waives the right to use his nols, jpm can use the wmb nols).

and, wmi used 12 bio of the losses for the taxrefund (the two and five years taxrefund, split fraudulently with jpm and fdic with help of this crook wal rat).

so, if you reduced the 32,5 bio by the 14,5 and the 12 bio, you get 6 bio. that fits with the 5,5 bio of rosen (the missing 500 mio ccould be some more losses from wmb, made by jpm).

this number is the absolute minimum for the taxcarryforwards of wmi up to the seizure.

now add some millions for the losses in the bancrupcy. remember, wmi made some losses in the year 2009, 2010, 2011 aqnd 2012, lwayers fees for example, lol.

that could be up to 980 mio (the difference between the mor assets in 2008 and 2012).

lets add some 500 mio, to be on the safe side.

makes 5,5 bio and 0,5 bio are 6 bio up to now.

but, with the effective date there are more losses, the tps preferreds for example with 3,9 bio, or the gift or the taxrefunds of 3,5 bio to jpm and fdic.

in the first mors the 3,9bio were included as losses, so i think, i`m on the safe side, if i add them to the existing losses.

that would be a minimum taxcarryforwards of 9,9 bio, and a maximum of 46 (if you can count the bolicoli and all of the preseizure losses).

imo if you only take the minimum numbers, that would be at a taxrate of 35% 3465 mio cash. or 17,3 dollar for the newcoshare.

now add some honest lawyers for the litigations against third parties, and you get a ... fairy tale.
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