That's rich. The government forces the banks to make bad loans to un-creditworthy borrowers based on "communities of color" not sound economics and when these banks try to protect themselves and cover the very predictable losses with insurance derivatives it becomes their fault and they need to take "their" losses. Not theft by ACORN but "their" losses.
There were major banks that didnt need or want to be bailed out by the government
So? That does not mean that they didn't lose money on these same bad loans. It just means either they didn't want anything to do with the government after the fact or didn't go hog wild with derivatives. Have you seen the books for these banks? Maybe they just ate the losses that were forced upon them.
Do you not see that it was the intervention of government and CRA that set this whole thing in motion?
I do see that it was the intervention of government and CRA that set this whole thing in motion. So you agreed with the bailout?