Monday, June 1, 2009

The Fritz Affidavit

The Fritz Henderson affidavit was filed earlier.

"The debtors have filed the 363 Motion because there simply is no viable alternative to the 363 Transaction to preserve the going concern value of the GM business and the employment opportunities and related benefits of that business."

Translation: no more Viagra, but at least we get $100 gajillion in taxpayer cash to fund the $1 billion a day cash burn, and the relentless clamorings from the UAW for ever increasing protectionism. Fritz will take it.

Again, the full affidavit can be found here. Sphere: Related Content
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