This IRS "law" is about refunds, and the like, from subs of "consolidated" firms. For example, if Washington Mutual Banks were to be entitled to tax refunds then, according to this rule, JPM Chase would receive those now that WAMU has been "consolidated" into JPM Chase.
Do you see any problem with this?
I do!
WMI was not "consolidate" nor was the seizure of it's deposits and records legal. Further, the whole "consolidation" is being reviewed in two courts.
Yep. Putting this up there here is informative but you didn't post any perspective with it.
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