Key crisis actors were rewarded with prestigious positions rather than sanctioned

Evidence

So, did Gorton suffer any of the consequences of detonating one of the biggest IEDs in the biggest financial crisis since the Great Depression? Apparently not. First off, in May 2008, just as AIG was reporting a massive quarterly loss of $7.8 billion, the Yale School of Management thought it an auspicious occasion to hire Mr. Gorton away from the Wharton School. … This unrepentant practice of mendacity through circumspection is precisely how the economics profession manages to purport to speak for “the public” while functioning as public relations arm for the financial sector. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 568

Categorization

• XREF: Connects to the broader theme of the ‘thought collective’ rewarding rather than punishing the architects of the 2008 crisis; echoes Mirowski’s core argument about how orthodoxy absorbed the crisis. — connects to: Nepotism at the top reproduced itself down the officer hierarchy — Khaled Fahmy, All the Pasha_s Men_ Mehmed Ali, his…, 932
• SEED: An essay angle: the ‘mendacity through circumspection’ tactic — how credentialed experts sanitize their complicity through strategically incomplete disclosure — as a pattern across professions beyond economics.

Broader Connections

• Nepotism at the top reproduced itself down the officer hierarchy #complicates (0.72) — Khaled Fahmy, All the Pasha_s Men_ Mehmed Ali, his…, 932