AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Is There a Mechanism for Punishing Accountable Providers?
There's little evidence financial punishment has the kinds of incentive effects that you would hope would have longer term. Because the crime was so comprehensive and so systemic, it's harder to punish individuals. The Federal Reserve move seems like punishing the corporation rather than current and future executives as opposed to those who got the company in trouble.