Once again, the former chair of GS arranged the AIG bailout. That netted $13 billion in taxpayer funds to GS. The federal government assurances to cover the CDS obligations by AIG did not exist at the time GS purchased such. This was not Congress making the FDIC whole to meet obligations to depositors at the time the deposits were made. GS used CDSs to increase their leverage without making sure AIG could cover them. In other words, GS made a ton of money without doing their homework to properly cover the risk, but then had their sugar daddy in Treasury cover their butts when that went south. As the saying, privatizing profits and publicizing losses. That is not capitalism, that is fascism.
For you to even TRY to rationalize such as anything but theft from the taxpayer at the point of goverment power confirms my opinion of you as a craven apologist for all the carnage these pinheads wrought upon the economy and the taxpayers.