and itwas by today's standd considered pretty crude but had the advantage of making them more unifo than they would have oerwise been. >> rose: that's whatappened in part, at will happen if you don't have some kind o coordination, then it's all going to flow to wherever the lowest level i >> and this sue will arise and the kind of outline have for the commercial banking sysm there will b big complaint if other particularly european and japanese banks are not governed by... doesn't haveo be the same role dow to the lt dotting ofhe is and croing of thes buyou have to have a silar philosophy of theseig banks, philosophy of rulation or you're going to he a same old question according to the mo lax, most open regulators. >> rose: i terms the glol recovery, china and ind are going to lead the way or not >> rose: well, china and india happily, i gue, they're happier ading the y. >> re: and then their gross domestic product gwth is 8%, . >> well, i don't know if it's quit that high. rose: next year. >> but it' pretty goo right now to everybodssurprise. the part of the world... very unusual but i