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Citigroup reported a $7.6 billion fourth-quarter loss this morning, much of it related to the bank's decision last month to exit the government bailout program and repay the $20 billion it still owed Washington. But don't think of it as bad news. Things are actually looking up! Not only is a big improvement from 2008 when the bank racked up $27.7 billion in losses, but Citi CEO chief Vikram Pandit said in a statement that "he believed the house of Citigroup was finally in order." Count on "sustainable profitability," continued "growth," and—if he's lucky—and fancy office redecoration for Pandit the year ahead! [NYT]