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The White House signaled this morning that it may open the TARP fund of $700 billion--established to resuscitate the financial markets--to the automakers.
While the Bush Administration dithers over a TARP infusion into Detroit, Wall Street is opening for Friday trading, and at the opening bell shares dove by more than 230 points.
Meanwhile, the UAW is planning a morning press conference to spell out why the union shouldn't be fingered for blame in the late-night collapse of the Congressional deal.
More to come as the news rolls out this morning.