i worked very closely with paul o'neill and john snow and was in a position of heading up the international division before tim adams, two people with remarkably long and strong records in the private sector. and i think it is important to have people with management experience, executive experience. washington, of course, is a lot different, and and in ministration at any time is different than a corporation. but those skills i think are important. i think we need to find ways and government to be more effective and more responsive. and it is much more difficult, in some sense, because of all the players, turf battles, debates about how to proceed. but i think it is important to get that right. i see obviously from your question the room for improvement. host: today's "the wall street journal" editorial that focuses on ben bernanke and his role. he will lead political courage we have not seen since paul volcker was chairman, to exit from all of these efforts in time to prevent another bubble. talking, of course, about the housing and credit card bubble. guest: again, i think it is a very good point. first of