Capital Controls

If you had a mutual fund with 30 holdings in your own name, i think it could be quite some time before the government would come and force you to sell those holdings. If they were in a mutual fund, it's a lot easier for them to pass a law or change the regulation that would force the mutual fund to sell some of those investments and own government bonds. So obviously none of us really want to doo that, cause it's quite administratively difficult. But that's what i mean about in your name, not and if it's held through the intermediative financialnst. And then that obviously brings us into the broader conversation that are goig to have in the second