somebody polluting the river when they have a clean alternative is the really perverse system. >> anat admati teaches economics at the graduate school of business here at stanford university. professor admati, what role in your view did the banks play in the 2008 crisis? >> a major view. a day or other financial institutions, so it's not just what we might call the bank, but whenever investment banks, bank holding companies, an insurance company like a ig come of various financial institutions connected to one another and we explained in the dhaka that kind of set of dominoes right next to one another are very connected and got themselves to take a rest in the various different ways to fool the regulators about what was actually going on and to meanwhile do very well for themselves and put the rest of us at great risk. the regulators were complacent because they like the good days when they lasted and allowed the risk to build up in a way that really was harmful, ended up being harmful. the reason we wrote this book is because they keep doing this. the crisis didn't result in appropriate less

polluting the river when they have a clean alternative to the it's a very perverse system. >> host: anat admati teaches economics at the business of stanford university. professor admati, what role in your view did the banks play in the 2008 crisis? >> well, a major review. really they or other financial the institutions. so it's not just what you might call the bank, but what ever come investment banking and holding company, if it's an insurance company, various financial the institutions that were connected to one another and we explain in the book how that kind of dominoes right next to each other is very interconnected and they got themselves to take a risk and all of the various different ways to form the regulators about what was actually going on there and to meanwhile do very well for themselves and put the rest of us at great risk. the regulators were complicity and the politicians because they liked the good days when they lasted and allowed them to build up in a way that really was harmful, ended up being very harmful. the reason we wrote this book is because they keep doing it, the

. >> next on booktv, professor anat admati sat down with booktv to discuss her book, "the bankers' new clothes: what's wrong with banking and what to do." it takes a look at the clothing industry and argues that the system can be made safer without adversely affecting the public. this interview is part of the booktv college series. >> what is this cartoon on the front of the book? >> well, this mother in china child a kind of staring at each other. and it represents the book. >> you open the book with the emperor's new clothes story. >> well, when people say something with a straight face and a dress nicely and they appear like they know what they are talking about, people think that they might be missing something or they might not understand a word that is just not good business to say something -- it can be enough to challenge what they say. [inaudible] [inaudible] >> when it comes to this, what is your opinion? howell quickly was "the bankers' new clothes: what's wrong with banking and what to do" written? >> you know, it has been part of this in different job. there is a big probl

. >> we have been talking with anat admati, who's a professor of finance and economics of the graduate school of business here at stanford and university and the kuhl author of the new book "the bankers' new clothes" what's wrong with banking and what to do about it. you are watching book tv on c-span2. >>> now an interview from book tv college series. in culture war morris argues americans are polarized than the public is led to vv by the media and independence. he discussed his book for about 15 minutes at the hoover institution on the campus of stanford university. >> stanford professor morris fiorina is the author of the book "culture war the myth of a polarized america." professor fiorina, are we divided into red and blue camps in this country? >> it depends on who you mean by weakening if you mean the people that are active in politics and run for office and work on the campaigns and give money coming yes, they are. if you mean the ordinary average american citizen who basically just turns out to vote, the answer is no, we are not. >> how do you find that? >> we find that through

. >> the bankers knew quote this is a new book by stanford professor anat admati. what's wrong with banking and what to do about it is the subtitle. professor what is the cartoon on the front of the book? >> it shows a few naked bankers just wearing ties and this mother and child kind of staring at them and it represents some of the content of the but

. >> next on book tv, stanford university professor anat admati said down with book tv to discuss her book "the banker's new clothes." the book takes a critical look at the banking industry and argues that the system can be made safer without adversely affecting the public. this 30-minute interview as part of book tv college series. ..