and that weneed in e future global coordination. yes? >> uh-huh. >> rose:ow does that manifest itself? there isn organizati, financial service ich is was named financialervices board where the g-20 some time ago presumly to give them a little more cloud or somethg. but this is an arrangement among bank supervisors, whether centl banks or somebody else, that is designedto come to conclusion onomeasic matrs of banking servision and regulaon. beginning with capital. when i w chairman of the federal reserve boar we really started it then. and wead the first capital quirements between europe banks, american banks and japanese banks. and it s by today's standar considered pretty crude but had the advantage of making them more uniform than they would have othwise been. >> rose: that's what hpened in part, wh will happen if you don't have some kind of coordination, then it's all going to flow to wherever the lowest level is? >> and this ise will arise and the kind of outline i have for the commercial banking syste there will be big complaints if

awareness, and ignorance to knowing, from foolishness to discretion, and then perhaps to wisdom, from wene to strength or strength to weakness and often back again, from health to sickness and bac we pray, to health again; from offense to forgiveness, from loneliness to love, from joy to gratitude, from pain to compassion, and grief to understanding, from fear to faith, from defeat to defeat to defeat, until looking backward or ahead we see that victory lies not in some high place along the way but in having made the journey stage by stage a sacred pilgrimage. birth is a beginning and death destination and life is a journey, a sacred pilgrimage to life everlasting. ted kennedy leaves a giant legacy in this body, and we should not forsake it. thank you very much, mr. president. i yield the floor. mr. baucus: mr. president? the presiding officer: the senator from montana is recognized. mr. baucus: mr. president, following the passing of president john f. kennedy, senator mike mansfield said, "he gave us of his love that we, too, in turn might give." these words ring true today as we remember