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marayatano

11/15/10 1:52 PM

#29380 RE: steved_45 #29379

Example: If you hold Wamuq pre seizure, you have a loss of $100,000 (throwing out a number), you are entitled to use $100,000 as a deductible for future income. This is a carry forward.

FDIC striping the assets = loss on WMI's income taxes. WMI's value on WMB stocks are a total loss.

TPG did this with their loss on WMI stocks as a write down. In the event WMI stock recovers, TPG write up the assets. (There was a article of some sort).

This is all tax stuff that someone on here is a CPA can tell you more or expand on the technical aspects.

BK GM was stripped of its assets by Obama/BK creditors/Unions. Assets transferred from old GM to NEW GM to benefit creditors that were impaired in OLD GM.

The point is carry forwards are an asset that can be utilized.

I do agree with you about the figure that others are coming up with the multiplier, ie, 2 x value, whatever...

imo