Article Image
News Link • Economy - Economics USA

Bailout Loss Estimated at $29 Billion

• NY Times
The Treasury Department expects to lose $29 billion on the federal bailouts stemming from the financial crisis, with most of the losses in its housing finance program and the auto rescue. 
In a report released on Tuesday, the administration said it expected a $17 billion loss from its investments in General Motors, Chrysler and the auto finance companies, as well as a $46 billion loss from housing programs like the mortgage modification program known as the Home Affordable Modification Program.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: