 Some have argued that Hawley’s theory of distrust is subject to counterexamples, however (D’Cruz 2020; Tallant 2017). For example, Jason D’Cruz describes a financier who “buys insurance on credit defaults, positioning himself to profit when borrowers default” (2020: 45). The financier believes that the borrowers have a commitment not to default, and he does not rely on them to meet this commitment. The conclusion that Hawley’s theory would have us reach is that he distrusts the borrowers, which doesn’t seem right.