Treasury Department just sent out this statement saying that 10 of the largest financial institutions have been cleared to repay their bailout money, totaling as much as $68 billion.

In addition to Treasury's potential income from sale of the warrants, these 10 institutions have already paid dividends on the preferred stock totaling approximately $1.8 billion over the last seven months. Dividend payments received for all CPP participants are approximately $4.5 billion to date.

(CPP is the capital purchase plan, where the government bought preferred shares in over 600 banks, totaling $199 billion.)

There are plenty of other places for the taxpayers to lose money, with the auto companies, for instance, or through the programs administered through the Federal Reserve Bank.

But so far so good with the banks.