https://hotair.com/headlines/archives/2012/11/03/the-auto-bailouts-a-tale-of-obama-cronyism/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 11:12:25 -0400<![CDATA[The GM bailout was handled by Evercore Partners, an investment firm in New York headed up by former Assistant Treasury Secretary Roger Altman. Before the bankruptcy, GM paid Evercore $46 million in advising fees to help GM find a buyer. Then, when the government came in and bailed out GM, Evercore turned around and asked for an additional $17.9 million “success fee.” Never mind that Evercore never found a purchaser or a funder — the company still called it a “Government Funded Sale Fee” in court documents.]]>Sat, 03 Nov 2012 18:50:51 -0400<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/11/03/the-auto-bailouts-a-tale-of-obama-cronyism-n97166