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Alias Born | 10/26/2008 |
Saturday, July 07, 2012 3:55:57 PM
I know the action has been very slow with what we have been through the last almost four years, but this post is very relevant for those Naysayers and for other people who 'just do not get it' and what I mean by this follows.
Attention ALL Naysayers - One Question? All one has to do is ask themselves and honestly answer one question.
That being do you REALLY think, very wealthy, highly educated, very connected people who regularly make investments of hundreds of millions into the billions of "face" value of distressed debt will blow a once in a lifetime opportunity to monetize anywhere from 15 to 45 billion dollars of various types of tax attributes that would cover anywhere from 10-20 years of not paying income tax on monies made?
Not to mention, the players could have exited this play multiple times over this very long period of time but yet they risked going to prison, fought equity tooth and nail and to this day control and own the majority of WMIH whether directly or indirectly. This action in-of itself should show a reasonable person with common sense that this play must be very valuable!
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