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.
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