Replies to post #85535 on Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

WMIH (BK Emergent WaMU)'Merged' with NationStar to form Mr. Cooper Group and the OLs are intact... Can't Lehman merge with another Financial Service company, becomes "parent' and have its NOLs intact?


"As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome."

[Letgoofmyfannie]

Thanks for clearing that up for me

Yes, fortunately I know little or nothing about this arcane matter and I've got people too so that makes it easy, thank you

I have only a few shares and its house money, but if something big happened here it would be a beach house, so do I check in now and then and see what's being discussed, very long time this has gone on

I asked because over in Fannie and Freddie Land, the Treasury is looking for money to re-capitalize the companies, so I thought I'd try to see if the NOLS here could help us out and maybe here too, but I guess not from what you say

[SwissCheeseAccount]

Toogood, you say NOL is exclusively owned by equity holders, but in a debt for equity swap the holders of debt are the new equity holders. In that case wouldnt that wipe out OBS? or dilute it significantly?


also you said NOLS can not change ownership. in the case of a debt for equity swap are NOLS changing ownership? It would be like working out a deal with the bank on your home thats going into foreclosure and the deal is that the bank can live there for free. Deed of home still in your name (ownership) but home itself is not. that's how I'm looking at it but please correct me if I'm wrong.