nomi prins. >> guest: yeah, well, i think your right. you're pointing to a real disingenuous kind of component of the whole argument on both sides. yes, glass-steagall was repealed in 1999. that allowed big banks to both take depositor money, you know, deal with creating loans and also bret bet. betting requires speculative trading requires putting capital behind it. you can choose where you put that capital, and you still can. if the a bank decides, you know what? instead of putting capital behind creating new loans with individual, we ought to bet against packages of subprime loans or oil or food, that's just a choice. we will move it there. the new york fed has a very close connection to wall street, and the federal reserve, of course, has the ability to see information as this stuff is coming to a head. they also had information about what was going on with the subprime loans underlying what became all these toxic assets. it was obvious between 2006 and 2007 that foreclosures were doubling, that these securities were having a problem

coming up, nomi prins, "it takes a pillage." we'll be right back. >> we're at the conference talking with jane cook about her new book. please tell us what this battle fields is about? >> this is about 60 or so men and women from the military to really get their first-hand account of their experiences in iraq and afghanistan. and the book is formatted into 365 stories. so you can read them one every day if you want and really just get a really good glimpse at how people have live loudly for liberties on our behalf in iraq and afghanistan. >> tell us about -- i'm sorry, have you been to cpac before? >> yes, i have. it's a great place. talk about the founding of our nation and talk about what people are doing today for the cause of liberty and freedom. >> it seems like your books run in kind of a series or do they follow a pattern -- is there? >> yes, the series is called "battlefield and blessings" there are four books. one the revolution, civil war, world war ii, iraq/afghanistan, and then vietnam i think is in process. and some