kerry killinger had become america's favorite banker. everyone loved him and kerry killinger. they could do no wrong. they had created the concept we know now. it's going away which is free checking accounts. you could go there and not have to pay anywhere of the annoying fees you pay to other banks. they essentially forced the other banks to follow suit. they were just the most popular company anywhere. >> they were very good at some of the hard things in a financial services acquisition, merging, computer systems, they do it over a weekend. tell us a little bit about that. the customer would not even feel anything monday morning. >> absolutely. so, you know, we don't think about these things. we just think of our bank as a bank, really. but when they buy another bank, it's a complicated, terrifying proposition. you suddenly have two bank groups have to combine all of the systems. and they codo it very quickly. the customers don't notice it. they are expert at that. and that's a key to any bank that is try to make the large acquisitions. they were able to do it in a way that

of seattle had ever heard of it really. >> and at the same time come when most people think a kerry killinger they grew to know, that is not the person they get to know a first. i was fascinated by the background of kerry that she painted. the last guy in the world you expect to be stiff banker or a w-whiskey banker absolutely no. this is a humble guy from iowa, this classic sort of growing up childhood where people played pickup baseball games on his lawn and he married his high school sweetheart. he put himself through state school. he was very humble, very ethical, buried by the book and just very nice. he was also extremely awkward i should say. employees used to be worried about landing in an elevator with an. he was much more comfortable looking at financial reports. but there is nothing crazy or unusual about him. >> accept you as a trumpeter. >> accept that he was a trumpeter and the play at a work and that was perhaps a little strange, but not for wamu because they'd are quirky, fun culture. so kerry was the only one in a family who wasn't an actual musician. he was a musician, but n

controversial. >> host: a lot of ruined lives, broken hearts. >> one of the tragedies of this story as is kerry killinger made the decisions to build up on the risky mortgage lending lou was writing letters to kerry. you should not be down the road to. get rid of the loans. the culture had changed so much they were focused on driven instead of the longstanding values of fair and caring and human. lou was so upset nawaz 2005 and he was away for so long and then everybody was busy. who wants to deal with him? it was a tragedy. >> host: what surprised you the most? >> one thing that continues to surprise me every day how much the regulators could get away with. and is astounding with these institutions and even smaller ones like we just saw an iowa. so little regulation. the regulators were so focused on the turf battle is it you doing the exam or paying attention to what was going on. >> host: their paychecks depend on regulating lightly although the president is a muslin islamofacism goldwater republican. [laughter] and continues to this day. >> before this we talked about the libor scandal. you can open

including the pepper. >> yeah, with blue, one of the tragedies of this story have known before is kerry killingermaking these decisions to build up on mortgage lending and go down that path. lou had started writing these letters to kerry and others at the bank saying you shouldn't go down this road. this is not the way to go. you need to get rid of all these loans. you know, the culture had changed so much at the bank that now they were focused on being driven instead of some of their long-standing values have been fair and caring and humane and lou was just so upset about this. you can imagine 2005 and lou had been away from so long. when he shows that everyone is busy. who wants to do with this guy. it was just it tragedy all around. >> in yet, lewis still beloved. >> backley. >> was surprised you most in your reporting and writing of this book? >> one of the things that surprised me and continues to surprise me every single day with the headlines we see a just how much the regulators were able to get away with. it is just astounding to me in this country that we have these gigantic financial i

this is what in fact finally forced kerry killinger to get a president and officer, which was

so suddenly wamu, which had been profitable for how many years at that point, kerry killinger had always delivered amazing returns, they literally were eating away at their capital cushion, and they needed more money. >> watch kirsten grind on the collapse of washington mutual bank tonight at 8 eastern here on c-span2. >> spend the weekend in ohio's state capital, columbus, as booktv, american history tv and c-span's local content vehicles look behind the scenes at the history and literary life of ohio's largest city. on booktv on c-span2, ohio state university. >> ulysses was published between march 1918 and december 1920, and an american periodical called the little review, and we have copies of all those out today. i wanted not so much to show you this first edition, but to show you a later edition of ulysses that is extremely well. in 1921 the american government declared ulysses obscene and pornographic, and the book was banned. people still wanted to read it, however, and we actually have a copy of one of the pirate editions. and if you notice the spines, we have "alice in wonderla

so suddenly wamu which had been profitable for how many years at that point, kerry killinger had always delivered amazing returns, they literally were eating away at tear capital cushion, and they needed more money. >> watch the entire interview on the collapse of washington mutual bank tonight at 8 eastern here on c-span2. >> up next, professor michael long presents a collection of over 150 letters from civil rights leader bayard rustin, organizer of the 1963 march on washington and adviser to dr. martin luther king jr. and an openly gay man. mr. rustin's letters cover over 40 years of his life, and the correspondents include eleanor holmes nor month and martin luther king jr. this is an hour, ten minutes. >> i, as a lifetime human rights activist, i'm especially excited to be talking to you about bayard rustin because, as you can see in his collective letters and as i'd like to ask michael to talk about, he was, um, really the, the in some ways sole voice in the civil rights movement who really saw a complete set of linkages between all forms of injustice. and, um, you know, a very sa

into a few cents from a field to jpmorgan, where it is a 20 million come from to pay bonus to kerry killinger? >> that is a great question. apparently there was just enough money last. >> where do i get a job like that? kirsten grind, the book is "the lost bank." thank you so much for being with us tonight. [applause] >> ulysses is virtually published between march 1918 in december 1920 in an american periodical called the little review and leave copies of all of those as well. the reason i brought these today's dietitian at the first edition coming ulysses, but of a tradition edition of ulysses that is extremely rare. in 1920 when the american government declared ulysses obscene and and the book was banned. people still wanted to read it, however, and we actually have copies of one of the pirated editions. if you notice the spines, alice in wonderland and the little minister. >> john kennedy once met with harold macmillan british prime minister and with the reportage today newspapers that discuss arms control or whatever and issues between the two powers, which they sure did, but only long a