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A singular feature of the first term of the Obama administration was the lack of individual accountability in legal settlements with financial institutions. During the second term larger settlements were the norm, but the situation as it relates to individual accountabiity remained the same, as pointed out in an editorial in the NYT on May 23, 2015, even when banks pleaded guilty to criminal charges for currency manipulation in 2015. This let banks call the situation "an embarrassment" and moving on, with something morally significant lost in the process not just for the public and country, but the banks themselves as future employees lack clarity of direction.
Grouped Articles
Banks as Felons, or Criminality Lite
New York Times 05.22.2015
Wall Street Journal 09.16.2015
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