Criminal conviction failed to hurt Credit Suisse’s stock price

Evidence

This turned out to be the case. The business catastrophe predicted by the bank’s officials never materialized. Rather, the bank enjoyed an abrupt rise in its stock price! Professor Rebel Cole of DePaul University noted, “If there are no consequences from a criminal conviction, they are just dumb-ing down a criminal conviction” (Eavis, 2014). — Albert Bandura, Moral Disengagement, 1584

Categorization

• XREF: Evidence that the ‘too big to jail’ rationalization was empirically false — strengthens claims that system-fear rhetoric masks absence of genuine deterrence. — connects to: Criminal convictions raise convicted banks’ stock prices
• SEED: The stock-price rise after criminal conviction is a sharp hook for an essay on how deterrence fails when conviction carries no real sanction.
• corroborated: 2 independent passages support this claim — Albert Bandura, Moral Disengagement: How People Do Harm…, 1584