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Anat Admati is the George G.C. Parker Professor of Finance and Economics at Stanford University\u2019s Graduate School of Business and co-author of the book, *The Bankers\u2019 New Clothes: What\u2019s Wrong with Banking and What to Do About It.* She joins the show to discuss her book, which argues that America\u2019s banking system continues to be dangerously fragile even in the aftermath of the Dodd-Frank Act. Anat argues that banks take on too much leverage and that they should be required to hold more equity. David\u2019s blog: http://macromarketmusings.blogspot.com/ Anat\u2019s Stanford profile: https://www.gsb.stanford.edu/faculty-research/faculty/anat-r-admati David\u2019s Twitter: @davidbeckworth Anat\u2019s Twitter: @anatadmati Related: *The Bankers\u2019 New Clothes: What\u2019s Wrong with Banking and What to Do About It* by Anat Admati and Martin Hellwig http://bankersnewclothes.com/ Anat\u2019s paper, \u201cIt Takes a Village to Maintain a Dangerous Financial System\u201d http://bankersnewclothes.com/wp-content/uploads/2016/06/Takes-a-Village-May-2016.pdf