still with me is matt hornbach, subadra rajappa and rob waldner.hink that everyone has read that story. they started by laughing. how can this happen? if at all? subadra: they can't. as far as i know, the u.s. government doesn't have the ability to go out and buy sovereign debt from other countries. even the federal reserve has a limited capability of buying securities. they can't go out and buy equities. they do have in japan but the u.s. mandate is very limited. matt: the only thing i would say is if it actually happened, it would be a great deal if they swap back the currency. you can get great yields an italian debt. jonathan: rob, your thoughts on this? i think most people's base case, it doesn't happen. the interesting part of this story is quite clear. united states is willing to back italy at a time when italy is pushing europe to allow them to spend more money. rob: i don't think it will happen. i think what is kind of ironic about this story is he is offering help at a time it seems to us the fed tightening policy and the u.s. administrat