were way up there, shooting through the roof, and everyone kept thinking, well, buy, buy, buy, and so many of us were guilty of that and now, we're losing value on our homes and as a result of that, losing jobs as well. people are going into foreclosure. what responsibility do the banks share in this? >> well, the banks have a lot of responsibility, they wrote these squirrely mortgages and then sold them to unwitting investors by bundling them into bonds and some investors with the chinese government with the extra dollars they have to invest. some from insurance companies, some were lehman brothers. lehman brothers got stuck with its own bad mortgages and went under. >> kelly: so don't the banks have the responsibility to help defray the foreclosure burden on so many american people? >> to a point. but banks only have so much capital and if we make them to that, if we make them write down the mortgages, they will fail. and then businesses won't be able to get loans, folks that are worthy of new mortgages won't be able to get them. the bottom line here is we can't take it out all on the banks,