First two of the Big Three U.S. automakers went to the feds for bailout money. A move that was considered controversial by some in itself. the Then the auto suppliers said, if you don't give us TARP money we may fold. And if we fold, so will the U.S. auto industry.
Washington listened and today President Obama announced $5 billion in TARP funds to the auto suppliers.
Joining us on News Talk Online on Paltalk.com to talk about why the auto suppliers need bailout money too is Tom Spillane, partner and Automotive Industry Team chair with Foley and Lardner Detroit.Tom