Steve Saretsky

Well, they can try.

They could try to mandate it.

But remember, the 10-year rate at this point...

you know, it's at 10%, 12%.

The currency in that local market, you know, it's down 10%, you know, 20%.

It's going to be so many other moving parts around.

To have the belief that the government can just by decree say, okay, the bond market crisis is over.

Bond funds, you guys have to buy this, you know, bond to make things better.

You know, an independently run pension fund, they're going to look at this and say, okay,

hey, we're not buying these bonds at this point.

We're already holding a bunch that are 40% underwater.

We want to sell them.

And we can't sell them because we got to pay out to pensioners and stuff.

I don't disagree with you.

But that's where we're going to go, though.

We are headed in that direction.

And I think the Europeans will be the first ones.

Let's talk about Turkey real quick, because it sort of falls into this.

Do you want to do that next, Steve?

Or do you have another?