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.
They used this to help homeowners struggling with mortgage. Bailout is a term that is used to determine the financial support given by a country to its people that are suffering from financial difficulty, such as during the depression and the Dust Bowl.
