Dmceng..Check NOTE 2 Washington Mutual Inc Distributions
Check the 4th column Distributions Liquidating Trust/DCR (why even bother to mention DCR) "Retained Earnings----- $20 Billion.Just about that entry -$13Billion common equity and -$7.5 preferred equity.
IMO Mr.Rosen was talking about this in the court mentioning about open balance sheet of liquidating Trust they would put the numbers.
The filed it under Feb 2012 MOR, LT was not started yet.
The DCR is a separate entity with its own EID and during wind up of LT the administrator have to liquidate the assets in DCR ,pay the liabilities and distribute assets to its beneficiaries.
If there was a loss of -$20 Billion equity of WMI,is that not a great tax attribute for WMILT being a successor in interest?.
It could have a huge NOL,IMO.
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