Should We Have Supported Banks?

I believe we should have supported them, because this is a mistake by the central bank managers. Because of a regime of low interest rates, then that means the portfolio of bonds you have on the overall financial system over time will have a lower and lower coupon rate. And that therefore means it's quite easy to double interest rates,. If you're down to a level where rates are 2%, getting to 4% isn't all that much of a change. But if you had rates back in which we could- Is the mix of bonds, yeah. Well, you go back to the 70s and 80s when interest rates were as high as close to 20%. You weren't going to go