in fact, jean claude trichet was insistent they did not suffer, do not suffer. to impose losses on the holders of one of the senior banks, and trichet said are you not going to do that ask and the company sought a bailout. now trichet said things should be different in the future. >> it depends on your own judgment. in the heat of the crisis, and what would be the new permanent regime in normal times. permanent regime in normal times, absolutely no doubt you have all of the risks that have been taken transformed if it is the case, losses. that's normal. we should not have permanent regime in the future where you would have to be too big to fail, too complex to fail. that's over. that should be over. now, if you are still coping with a dramatic crisis this is another story, and you have to make a judgment. >> so to paraphrase what you just said, i want to be clear. once the crisis is over and there is a new banking regime it should be okay for senior debt holders to take a hit? you didn't want that to happen in ireland in the midst of the crisis? >> yes. you have

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. >> we'll be hearing from jean claude trichet and perhaps some of his thoughts on how mario draghi is doing. certainly ben bernanke is all over the headline. i thought he was so plain spoken yesterday the way he was talking. felt like for the first time he was kind of just laying out this is my ideology, this is how i view the world. >> if you think you can do a better job, anybody anywhere in the world, now is your opportunity. because you, too, can apply too become governor of england. the effort is out today in the economist. governor of the bank of england. >> not something you see every day. >> it's not. demonstrate management policy skills, advanced understanding of the equity markets. strong communicator. this reads like your cv. >> do you think i'd have a fighting chance? >> that's the point. you can be anybody. >> i have tried to go on the website this morning, admittedly before 9:00 in london, and i couldn't find the application. so maybe they were waiting until 9:00. >> it could even be a canadian. it doesn't have to be someone is britt pish, but a person who is a person of