california municipal bontdz best performing categories in muny bonds better than the national averageor muny bonds. number one. number two, in san jose cutting government pensions, that's great news. and we have new government accounting standards going into place where the municipalities, these localities are going to have to accurately, more accurate ily account for the shortfalls in the mention and people are going to wake up, all of this is good news. >> neil: i can see gasperino's point on this one. one they think i want to raise for you, adam, it might be the only option, they've talked to their public unions and creditors, neither side seems to budge so they're left with the government, and argentina, there was a stigma that lasted for decades and obviously, the country came around and no longer the financial pariah, it was, but it does take a while and there's a scarlet letter on you, even as he said in the case of new york city, exists to this day. so, you do have to be aware of that risk, right? >> well, sure. as well as there should be a stigma, they screwed up and it's a g