when we think of the final crisis we think of bear stearns lehman brians aig, a big insurance company and its collapse weapon don't necessarily think about countrywide as much, even though there was quite a bit of attention on countrywide in the lead up to the financial crisis. tell us how the housing piece of this collided with everything else so we get to a point where the government is actually bailing out a big insurance company that obviously was not directly involved in the housing market. >> guest: this is a story of increasingly significant government blunders, i'm afraid and i have to blame the people who are in office at the time, and then to some extent even into the obama administration, but there was the thought apparently in looking at the memoir of the secretary of the treasury at the time, hank paulson there was the thought if a large financial institution failed it would drag down a lot of others, and what was happening, beginning in 2008, -- 2007 and then 2008 -- as these mortgages began to fail financial institutions that were holding mortgages or mortgage-backed se