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To: tom pope who wrote (88329)3/24/2010 4:18:51 PM
From: Keith FeralRespond to of 118717
 
Countrywide and MER never got any TARP money, which would enable BAC to apply for tax credits against their 5 year tax windows. WB never got any TARP money, which would be WFC's way to clawback some taxes against WB's Pick a Pay portfolio. Citi is probably out of luck since they were not able to make an acquisition before the TARP cashouts, but they got the most lenient treatment under TARP. However, I suspect the government will make it's fair share off all the shares they bought at $3.25.



To: tom pope who wrote (88329)3/24/2010 9:35:27 PM
From: rich evansRead Replies (1) | Respond to of 118717
 
JP Morgan took over WAMU when losses stated by WAMU were 20bill. Subsequent facts showed real losses of $40bill. Later facts showed losses of $60bill tied in to Long Beach Mortgage. Tax credits are deserved and a drop in the bucket.
Rich


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