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JohnnyWinter

12/01/09 10:24 AM

#123058 RE: hotmeat #123057

The new law does not mean that only WMI will be entitled to lay claim to the NOLs.

The new law deals with the ability of a company to carryback their NOLs 5 years. The new law does not mean that if a company took TARP then they lose their NOLs, it just means that they can't take advantage of the 5-year carryback provision.

If JPM is awarded part of the WMB NOLs , then they can carry the NOLs forward to off-set against their income.

I don't know where you got "JPM's "future" abilities to claim wmb nols".