now being cited by the by the central banks of the world events the idea that banks need reserves lindt is a complete myth and consequently what it means is that the amount of lending that actually goes on borrowing or of reserves from one through each other and and buying bonds of each other to have sufficient reserves and so on is quite trivial in fact in one of the markets linked to the setting of the label right i think there is something about twist in twenty five transactions over an entire year now of course in that situation it's very easy to manipulate the market rather than being extremely broad lots of transactions and therefore impossible to fix it's one of the narrowest markets in the world and very easy to fix and that's what the english banks have been caught red handed doing ok well the case has been made that instead of doing away with that we should just actually change the composition in the calculation that instead of saying that there are enough observable market rates that could indicate how much a pound or dollar cost to borrow do you think we can actually rework.