The government used a controversial bailout program to help automakers on the verge of collapse.
The Troubled Asset Relief Program (TARP) extended loans to help save the American automotive industry during an economic crisis in 2009. However, the program was controversial because some felt that TARP was a bailout for businesses that deserved to fail, in other words, help was going to those who caused the crisis.
The government used a controversial bailout program to help the automakers in the verge of collapse.
The financial assistance provided by the government to the business which is in the verge of collapse. It helps to those business which can become bankrupt in the near future.
At the time of economic crises in 2009 in America, the Troubled Assets Relief Program ( TRAP) was extended in order to provided loans to the to the automakers in the verge of collapse.
It was very controversial as being thought that government is helping those who are meant to be dissolved.
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