Financial scandals recur because industries fail to learn from them

Evidence

No lesson was learned by the finance industry or Congress from this costly debacle. As we will see later, the practices of the subprime home mortgage industry, which spawned the 2008 global financial meltdown, essentially replicated this scenario. However, more ingenious methods were devised that wreaked massive financial havoc internationally. — Albert Bandura, Moral Disengagement, 1424

Categorization

• XREF: Connects to systemic claims about how institutions enable repeated harm without accountability.
• corroborated: 2 independent passages support this claim — Albert Bandura, Moral Disengagement: How People Do Harm…, 1424