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rockie101

05/31/09 1:40 PM

#74545 RE: grandetourismo #74544

My thinking on the NOL would be like a personal tax carry forward....using so much of NOL per year WMI would not have to pay taxes on 20 billion of their future earnings....which would come to several millions or billions of dollars.....as most of you know if you have say a 25,000.00 lost you can off set that with a capital gain or use 3000.00 per year until the 25,000.00 is used up.