The best question I have had on the subject was when my teenage daughter asked me to explain where the money went. I explained to her that their never really was any money to begin with it was all just a lot of hot air and promises. Even Clinton admitted that he should have moved to more closely regulate derivitives. Keep in mind, no one forced any of these banks or funds to by these instruments. They just got greedy and bought into a giant scheme that they really didnt understand.