Prosecutors chose to target a lone functionary rather than executives
Evidence
Fabrice Tourre of Goldman Sachs was the lone trader whom the Securities and Exchange Commission (SEC) sued for selling bad mortgage securities (Story
& Morgenson, 2011b). Tourre was convicted of civil fraud.
β Albert Bandura, Moral Disengagement, 1498
Categorization
- ADDENDUM: The scapegoating-of-the-lone-functionary pattern echoes the broader dynamic of individuals bearing blame for systemic wrongdoing β relevant to the argument structure of my sacrifice piece on blaming individuals for structural outcomes.
- corroborated: 2 independent passages support this claim β Albert Bandura, Moral Disengagement: How People Do Harmβ¦, 1498