The Impact of the Signature Portfolio on Lenders

I think there's going to be a few different catalysts that sort of force the lenders to take their lumps and start selling things at discounts. The signature portfolio could be one big one. I don't see how banks and private lenders don't rethink their valuations when that sells at whatever pricing it sells at. And so I think those are two big catalysts that we could expect to force people to mark their positions to market.