> You should also note that the US Treasury ended up making $12B on that deal after repayments.

Never rely on reporters from CNN to do arithmetic. This is the daily TARP update:

http://www.treasury.gov/initiatives/financial-stability/brie...

From http://www.treasury.gov/initiatives/financial-stability/brie...

Edit: And for the record, that is from the US Treasury, who you know is going to put it in the best possible light(ie, least loss of $$).