Keating disavowed responsibility by blaming deregulation-era harm on regulation itself

Evidence

When asked whether he had the temperament to be in a regulated industry, he shifted his personal failings to his nemesis, the regulators: “If there is a problem, there is something wrong with the regulators.” It was ironic that Keating blamed regulations for the demise of the thrift industry—which was brought on by deregulation! Disavowal of responsibility for the extensive harm he caused extended even to disassociating himself from his own actions. When asked about his exorbitant salary he replied: “It was bragga-docio and grandstanding. That isn’t me.” — Albert Bandura, Moral Disengagement, 1410

Categorization

• corroborated: 2 independent passages support this claim — Albert Bandura, Moral Disengagement: How People Do Harm…, 1410