The Fiction of Banking

Zeb: I think my two questions are from what both of you are saying is that there's a certain amount of fiction within banking, right? Like if we had to run on all banks, like they're all essentially like in half a problem selling assets at par. But allegedly, SBB didn't hedge their interest rate risk. So even with hedged interest rate risk, when they still had an issue, maybe selling everything at par and almost like Zeb, what you were saying,. The second part of that question is, it comes out, I think of the analogy of you and I when we had a discussion about like the British LDI kind of things that were going on