define('DISALLOW_FILE_EDIT', true); define('DISALLOW_FILE_MODS', true); Comments on: What’s in The Sausage? https://norunnyeggs.com/2008/09/whats-in-the-sausage/ The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think. Mon, 29 Sep 2008 19:34:47 +0000 hourly 1 https://wordpress.org/?v=6.9 By: dad29 https://norunnyeggs.com/2008/09/whats-in-the-sausage/comment-page-1/#comment-36240 Mon, 29 Sep 2008 19:34:47 +0000 https://norunnyeggs.com/?p=3520#comment-36240 Umnnnnhhhh…they all have reportable income (with VERY few exceptions.) If nothing else they’ll have a tax-loss carryforward, which is valuable to someone who acquires them.

It’s certainly not a “deal maker/breaker” but it’s important.

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By: Shoebox https://norunnyeggs.com/2008/09/whats-in-the-sausage/comment-page-1/#comment-36235 Mon, 29 Sep 2008 13:14:31 +0000 https://norunnyeggs.com/?p=3520#comment-36235 You’re right on how they got it and the tax implications. I just don’t see the firms that need this most have any income to offset.

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By: dad29 https://norunnyeggs.com/2008/09/whats-in-the-sausage/comment-page-1/#comment-36234 Mon, 29 Sep 2008 12:02:35 +0000 https://norunnyeggs.com/?p=3520#comment-36234 The GSE bond gain/loss provision is quite meaningful to banks that held those stocks. Banks were “encouraged” to purchase FanFred preferred so when the stock turned to s*&^, taking the losses as “ordinary” reduces the banks’ tax burden.

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