07/10/2009 05:12 am ET | Updated May 25, 2011

Google CEO Eric Schmidt Talks Microsoft, Government Regulation (VIDEO)

Google CEO Eric Schmidt talked to Fox Business this week about Microsoft's new search engine Bing, the government's response to the financial crisis, and Google's still ascendant position in the tech and advertising world.

Here's Schmidt on Microsoft:

"It's not the first entry for Microsoft. They do this about once a year. From BING's perspective they have a bunch of new ideas and there are some things that are missing. We think search is about comprehensiveness, freshness, scale and size for what we do. It's difficult for them to copy that."

Watch the first part:

Schmidt also talked about how technology could have prevented the financial crisis, and the current approach to regulation by the Obama administration:

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