1. fair enough, but I don't see those people going to Vegas.
Posted by
znufrii
Feb 10 '09, 12:56
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2. regardless of what assets they might still have on the books, they've still written down and taken losses on tens of billions of dollars of assets over the last 12 months. Admittedly, I'm not the expert here, but i would imagine this has a very negative effect on the amount of taxes they owe.
And if I'm wrong, perhaps you can then explain to me how a firm with over $30 billion in losses reported in a year still has a a substantial corporate income tax liability.
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