her recent book with joshua rosner on crony capitalism at fannie mae is called "reckless endangerment: how outsized ambition, greed and corruption led to economic armageddon." welcome. >> thanks, bill. >> you just heard david stockman say it could happen again. do you think it could happen again? >> it will happen again and the unfortunate fact is we did not fix the problem. the dodd-frank legislation which was supposed to be the fix-it for the enormous crisis that erupted in 2008 failed in so many ways to really address the major issues, the most important being too-big-to-fail, did virtually nothing to cut these big and impossible to manage banks down to size. but there are other elements to the dodd-frank law that i think are also problematic. now we have hundreds of rules being written by the regulators and although it might make sense that they know what they're doing a little bit more than maybe your, you know, average lawmaker, what it did was it gave the financial services industry two bites at the apple. they can lobby their lawmaker when dodd-frank is being written and now t