Thanks to all. I am not a paid member so I am not able to send any private messages.
I made some changes. I added some more to support my reasoning, proof read to the best of my ability and reformatted a bit.
If Admins would be kind enough to delete so that I could repost with the update then that will be great. If not, the given correction was much needed. Thanks
Bottom-line, there was enough in the pot for everyone to share. I was right when I said that the core still resides in certainty that lead to an agreement. With NOLs, recovery was unknown, uncertain and something that one had to work towards. With LT, recovery Edit: amount was unknown but certain with a question, what if the amount of recovery was bigger than assumed. It was the cap removal on LT and not the 5% tradeoff with respect to Edit: WMIH that lead to an agreement.