Fear of economic collapse deters prosecution of top bankers

Evidence

Federal officials justify their reluctance to prosecute the top management of prominent banks by pointing out that it could set in motion events that cripple the economy. — Albert Bandura, Moral Disengagement, 1502

Categorization

• XREF: connects to: The Day of Reckoning narrative collapsed when bankers were bailed out and prospered — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 468; A banker’s power now grows proportionally with his bank’s losses — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 929