Deferred prosecution agreements let banks pay fines while no person faces charges

Evidence

The bank settled for a deferred prosecution agreement with a $2 billion dollar fine but without having to plead guilty to a criminal charge (Protess & Silver-Greenberg, 2013b). Critics of the settlement objected to the fact that no bank employee was charged with wrongdoing. Commenting on the habitual practice of detaching corporate wrongdoers from their financial wrongdoing, Dennis Kelleher, head of the advocacy group Better Markets, reconnected the detached human agency. “Banks do not commit crimes; bankers do” (Protess & Silver-Greenberg, 2014b). — Albert Bandura, Moral Disengagement, 1571

Categorization

• XREF: This is a concrete institutional instance of what Bandura elsewhere frames as displacement/diffusion of responsibility — a structural form of the moral disengagement mechanism the reader is tracking.
• corroborated: 2 independent passages support this claim — Albert Bandura, Moral Disengagement: How People Do Harm…, 1571