Feb. 3 (Bloomberg) -- Economist Thomas Cooley, dean of the Stern School of Business at New York University, talks with Bloomberg's Mike Schneider about his new book, "Restoring Financial Stability: How to Repair a Failed System."

The book, co-authored by a team of 32 academics from Stern, is a compilation of 18 white papers providing specific policy recommendations for restructuring the financial industry. (Source: Bloomberg)

00:00 Financial crisis and Cooley's book

Running time 20:51

Last Updated: February 3, 2009 08:37 EST