The treasury is going to make money, net, on all of its dealings with Citigroup. It has not lost a dime to date and it isn't going to. Magical mystery accounting of fantasy wealth Citi was supposed to pay the treasury if trees grew to the sky are not "revenue". Investment in Citi stock, preferred or common, are not "losses".
But everyone wants to hate these people, so they make up any lie they can at the precise moment their thesis is collapsing, because the treasury is being repaid by private money.
It is sickening that people pretending to be conservatives are in any way connected with this. It is all transparent lies and slander, start to finish. Ask any of them to state the amount that the US treasury has lost on TARP for banks, or Citi specifically. They can't, they are practicing not even one entry accounting, but pure make believe accounting.
What's worse, as you said, it's that so many conservatives can't take a "yes" for an answer, or take credit for the good things that happened that they were responsible for, just because the consequences happen to be on somebody else's "watch". It also denies us credibility when we comment on truly bad things happening that are direct result of liberal programs (such as non-stimulus / Porkulus) because people start to tune out and reject the conclusions due to a priori false commentary.
"It ain't what you don't know that gets you in trouble, it's what you know for sure that just ain't so" - Mark Twain.
Negativity is the rule of the day. That's how they lost the initiative (and re-election) to Clinton who was able to take credit for all the good things happening at the time that he had nothing to do with.