About your Search  of this deal? steve forbes is the chairman
and editor of chief of forbes media, he joined me from new york.
i understand that if you're an investor in spain or italy,
you're watching nervously what's happening in cyprus. but if
you're a businessman in america or asia, do you really need to
care? >> i think so. because we are in a global economy. and
what was done to cyprus has been an absolute disaster because
any time a country now fears that they might have a financial
crisis, first thing people are going to do is start a run on the
bank. they're not going to take any chances. and so the germans
and the e.u. boesched this thing. the i.m.f., it was done i
think for political reasons, the germans did not want to see
bailing out russian olegarks in election year but the way they
did it was horrible. what they should have done is guarantee at
the beginning those 100,000 euro deforests, anything above that
they'd get shares in the new bank. you might take a hair cut but
normally when a bank go