I would like to see that report they cited. I could not find a report with that conclusion in it on-line. If someone can find a link, please post it. If the independent monitor of the TARP says the money is likely gone forever, with a reasonable explanation of how they reached that conclusion, I will be inclined to accept it. However, I noticed the writer did not actually quote the report, which leads me to wonder if this was a subjective interpretation of what the report said.