Replies to post #487 on First Citizens Bancshares (FCNCA)

[fredscott36]

.....I'm currently muzzled, however, wuz I able to SPECULATE, I would opine that the cases are definitely CLOSED but that the IRS certification on the failed bank's BHC came back at some level that requires a couple of slight adjustments................imo.......

...the FDIC, we believe, used a $500mm NOL, for frankie to apply in calculating TY 2014 federal income taxes................no prob.............then the actual NOL, which had to include the uwbi 2010 gain (?) to capture 5 tax years was included (hence the reduction in the uwbi ITR)...............weird, but the big losses were in 2011 and 2012, we assume..................

...so venable llp and the FDIC and frankie's accounting firm and the SEC and IRS and OCC had to huddle and secretly pass the uwbi bhc nol BONG..................kimmie's, fortunately, in that loop but only as an observer, imo..........

...the original $500mm NOL = $176.214mm purchase, we believe........gotta tweak DOWN, but not too far...........$12mm, imo....................could still get the rabid uwbi SHEMALES four dollars per...................................all good.........tommy mac's gotta stamp the POL and checks will be in the mail......................................aimho............