let's find out from cliff goldstein, personal analyst for nerd wallet, it's for consumers. cliff, welcome. good to have you with us. >> appreciate it. >> for people who don't know what this company, lending club, does, what does it do, how does it work and make money? >> simply put, it's an online financial marketplace that connects lenders with borrowers. they make money on origination fees from the loans that pass through their platform. >> cliff, why would someone go to the lending club as opposed to their local bank? >> they're able to>+ñ-÷ access smaller loans you're traditionally able to get. up to 35,000 for individuals and $100,000 for small businesses. this is a space that banks are not active in in terms of the size. >> who are the lenders? >> people like you and me, actually. i'm an investor personally. there are thousands of people around the country who invest in these loans. as it has become more popular, more institutions have begun to invest as well. >> what are the risks to the borrower and the lender? >> the risks to the borrower are just that -- sorry, the

. >> next booktv steve cliff david goldstein about the teacher worse:a history of america's most embattledrofession. hypophysis 1st annual miami book fair. >> dana gold steen, this is her book, "the teacher wars: a history of america's most embattled profession," a teacher -- dana goldstein 11, when did the concept of public education coming to being in the state's? >> about 1830 we did not have public schools in the united states as we know them today. it was up to individuals, neighbors, perhaps churches to come together and start schools with funding if they wanted to. that ended in the eighteenth ins with the common school system that went state to state and made the argument to raise taxes at the state level. we need to tell parents it is not your choice, you have to send your kids to school and from 1830 to years after the civil war each stage embrace the idea of universal public education which was new at the time. >> reporter: was the resistance to the idea? >> yes there was. not surprisingly a lot of the resistance was because it was expensive. one of the early compromises that wa