What was the reason behind 2008 market crash?

2008 market fall happened in a span of 1 year(Jan2008-Mar2009). It started with the fall of several financial companies in US and its after effect spilling into europe & emeging markets(china, india, southeast asia).

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Due to large number of retail investor participation. There is a movie called Inside Job. Every bit of info regarding that crash can be found in that movie.

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Lehman Brothers! lol

Nice documentary. But, the 2008 market fall didnot happen becos of retail investor participation in the financial market.

i thought that it happened due to the fraud done by the big fishes to the retail investors…