by Calculated Risk on 11/11/2008 08:51:00 PM

From Bloomberg: Pelosi Calls for `Emergency' Aid to U.S. Automakers

House Speaker Nancy Pelosi said she wants ``immediate action'' to give automakers additional aid ... The failure of ``one or more of the major American automobile manufacturers'' would have a ``devastating impact on our economy,'' Pelosi said in a statement ...

She didn't specify the level of assistance she supports, but said it should come from the $700 billion Congress authorized the Treasury to use to help stabilize the financial services industry ... The three companies are seeking an additional $50 billion in federal loans

Everyone wants a piece of the TARP.