Income Tax Benefit (Tables)

3 Months Ended

Jun. 30, 2012

Income Tax Benefit [Abstract]

Components of income tax benefit

(in thousands)	Three Months Ended June 30, 2012		Three Months Ended June 30, 2011
Current	$	—	$	—
Deferred		108,583		—
Total	$	108,583	$	—

Summary of deferred taxes

(in thousands)
Deferred tax assets:
Reserves for expected costs of liquidation	$	21,106
Net operating losses		12,672
Tax basis in excess of fair value of holdings of New GM Securities		15,374
Total deferred tax assets		49,152
Valuation allowance		(49,152	)
Net deferred tax asset	$	—