Now Auto Suppliers are getting Money

The Treasury Department stated on March 19 that they will give auto suppliers up to $5 billion in financial aid who are with the Detriot's carmakers. The Treasury said that the funds would come out of the Troubled Assets Relief Program. It would create financing for the auto part suppliers. General Motors Corp., Chrysler, and Ford can join the program if they are willing to pay up to a 5% fee or roughly $250 million to join the program. I don't like this idea because the auto companies have already gotten large sums of money already. If they are doing that bad, then they should just give up instead of wasting all of that money on a failing company


http://finance.yahoo.com/news/Auto-suppliers-to-get-5-apf-14692156.html