to fall causing a balance sheet problem at the banks because they loaned money on a derivative that was worth say $100,000. and now that same derivative is now 1/2 what i was worth because one person(mortgage) defaulted on their mortgage. ALL of it was Govt fault. BTW, they also made Bank of America the fall guy because they were forced into the purchase of Countrywide(remember? congressional hearing) I think they hoped to use BOA as the dumping ground for all of the Bad derivatives, but everything fell apart before hand. Just ask Timothy Geithner, he was treasury sec of New York at the time. Bill O Reilly not looking at the full picture.