when we passed dodd/frankp. i'm a great believer in not inventing the wheel. did we take a look at what the new asian banks put in place when we designed dodd/frank? does that make sense and would it make sense to do so? >> my impression as someone who followed it closely is that we were very taken with the exceptional nature of the united states. and there were various lessons we could draw from scandinavia. he hit the nail on the head. make banking boring. and the scandinavians have come through this crisis in relatively good shape from a fiscal point of view, in part because they had had terrible problems with the banks in the 1990s. got completely out of control, just like emerging markets. and they cleaned them up and made them much more conservative and careful including much higher levels of capital. captions copyright national cable satellite corp. 2008