This is CBS Eye on the World.

Here's John Batchler.

The banks, these last weeks, the doubts about the banks are a common place on the front

pages of the financial news.

Looking at the banking crisis from the point of view of how do we get into this fix,

I welcome Joseph Sternberg.

Remember the editorial board of the Wall Street Journal?

He writes, political economics column.

He's based on London.

This is a global mystery, however.

How the banks became a problem.

We give the money to the banks.

The banks pay its interest rate, not very much these last years, but they do.

The banks also make it very easy to pass on money to the next generation.

What else do the banks do?

Apparently they invest that money.

But recently, banks have been so carefully patrolled by regulators, both in the United

States and in Europe.

I learned from the My Financial Times and my Wall Street Journal that the concern for

bank returns has been augmented by a concern for bank returns from non-bank.

That's right.

Non-bank returns.

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