we havwe have a window of oppor, charlie, to change that, a dodd frank implements it over the next coupletunity, we will end up with a banking system that does not look like a u.s. banking system, but instead looks like banking systems that we see in many of our trading partners, it might work for them, my judgment is it doesn't work for us. >> rose: got you. let me talk about the economy, where you think the global economy is today. >> >> before we go to the u.s. economy. >> so. >> rose: from europe to asia to latin america. >> when we think amount the global economy in 2012, we shouldn't make the same mistake that some market participants and some policy makers did going into the last crisis. we have one globally integrated economy, we have one set of integrated global financial markets. the idea? how that a problem in one country stays in that country, experience tells us that doesn't work, so if you think back to the crisis, charlie, for several years in '07 and in '08 and even early into '09, many folks in europe and across the globe said that was a u.s. problem, that it is a problem