kevin warrish is with us as well as robert zelic.both joins now for a cnbc exclusive to talk about that and more. let me start with you, your reaction to vikram pandit's abrupt departure. you know the personalities involved. what do you think was going on there? >> so bob and i have been debating europe for much of the morning, but we did see the breaking news. i don't have any privileged information about what happened, but bill, i guess my sense would be this is how corporate governance is supposed to work. maybe it was a little not perfectly timed, but if there's a board of directors who can't come to agreement with a ceo, i'd much prefer the debate happening at the board room than i would having the government decide who should be in what post. other than that, we'll just have to watch details as they become available later today and over the coming days and weeks. >> kevin, in terms of the level of interest rates, in terms of the tough situation the banks have been under because of the level of interest rates in terms of their o