by Calculated Risk on 11/08/2008 08:11:00 PM

From the WSJ: Pelosi, Reid Press for TARP Aid for Auto Industry

House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid sent ... a letter to Treasury Secretary Henry Paulson urging him to assist the Big Three auto makers by considering broadening the $700 billion Troubled Asset Relief Program to help the troubled industry.
...
Though the administration is reluctant to widen the program to cover autos, there has been discussion among Bush officials of expanding use of the $700 billion to buy equity stakes in a range of financial-sector companies, moving beyond just banks and insurers. The focus would be on assisting companies that provide financing to the broad economy, such as bond insurers and specialty finance firms ...

Everyone wants a piece of the TARP.