Treasury touts $12 bln Profit on Sale of Citi Shares

Good for the Treasury. $12 bln is $12 bln , though it is relative chump change compared to the size of the Federal governments present debt and future obligations. Here's the problem I have: While its all well and good that the Treasury has made money back for the "taxpayers", how much more will the treasury again have to pay out in the next mega bailout of the banks? I'm not saying that dollars and cents aren't important, but what about moral hazard. Recipients of the Treasury's loans are going to be right back at Uncle Sam in the next crisis with expectation that they won't have to be accountable for doing wrong.  It's a Pandora's box that has been opened. Now all of the so major players know with absolute certainty they can take major risks and if it blows up in their faces, the Treasury (the tax payers) will be there with loans with non punitive interest rates and weak collateral requirements.  Nice long term thinking, Treasury.  Here's the link to the Treasury and their big pat on their own back: http://www.treasury.gov/connect/blog/Pages/good-news-for-taxpayers-on-TARP.aspx