Parts installed: 8E5Z 13K359 AA: Switch Assembly(Turn Signal Switch... I didn't even know it was broken. haha) and AG1Z 14A664A: Cover and contact plate (What It Does. An Air Bag Clockspring installs between the steering wheel and the steering column to provide a continuous electrical connection between the two, even when the wheel is turned.)
What they were telling me was with the bad clock spring, there was overheating essentially in the steering column. Heating up the grease and causing that puddle in the pic above.
FROM WIKI: Clock Spring - In vehicle steering systems a clock spring or clockspring is a spiral-wound special rotary electrical connector which allows a vehicle's steering wheel to turn while still making an electrical connection between the steering wheel airbag and/or the vehicle's horn and other devices and the vehicle's electrical systems. The clockspring is located between the steering wheel and the steering column.
Dealership Notes: Found grease leaking from multi function switch, removed and replaced switch, test OK. Found clock spring rubbing and making noise, removed steering wheel removed and replaced clock spring, reinstalled steering wheel test OK test drove OK.