You misunderstand. That is just what I keep in my head and have been accurately tracking and commiting to remembering in the last 5 or so years.
As has been mentioned as well is that governmental/regulatory apparata are typically starved of funding, so must limit their investigation/scrutiny to likely the most obvious cases.
Furthermore, if you've just entered into white collar circles these last few years, you may have been surprised at a tendency to not write things down. This isn't just people not realizing it is a good idea to do so, but a conscious decision in many cases due to eDiscovery, and the effects it has on provability in a court of law.
Pay attention on HN, and you'll get little snippets of other cases of "tribal skeletons" every now and again.
Anyway, by all means, I'm not necessarily arguing against your point; merely stating that given the sample size, and keeping in mind that regulators/the media can only dig up so much muck given limited manpower; it is not prudent to assume there isn't wrongdoing where no one has looked yet. I used to hold the same view you espouse; then I started A)cataloging things and B) noticed how often settlements seem to be applied with no admission of wrong doing.
Absence of evidence does not imply evidence of the non-existence thereof. You just haven't found it yet.
Can't believe I forgot about Wells Fargo, btw. That whole mess.
Mind that that's only the ones. I assume CFPB and other commissions have similar, but do keep in mind they can't be everywhere or investigate everyone. So without stats on how many actions are dropped by prosecutorial/investigator's discretion, it is actually difficult to make really solid claims as to the actual frequency of malfeasance. Further, from my social circle's anecdata, it seems to be a safe bet that just about every organization at least has something in the the way of "muck they've cleaned up after" without getting authorities involved.
As has been mentioned as well is that governmental/regulatory apparata are typically starved of funding, so must limit their investigation/scrutiny to likely the most obvious cases.
Furthermore, if you've just entered into white collar circles these last few years, you may have been surprised at a tendency to not write things down. This isn't just people not realizing it is a good idea to do so, but a conscious decision in many cases due to eDiscovery, and the effects it has on provability in a court of law.
Pay attention on HN, and you'll get little snippets of other cases of "tribal skeletons" every now and again.
Anyway, by all means, I'm not necessarily arguing against your point; merely stating that given the sample size, and keeping in mind that regulators/the media can only dig up so much muck given limited manpower; it is not prudent to assume there isn't wrongdoing where no one has looked yet. I used to hold the same view you espouse; then I started A)cataloging things and B) noticed how often settlements seem to be applied with no admission of wrong doing.
Absence of evidence does not imply evidence of the non-existence thereof. You just haven't found it yet.
Can't believe I forgot about Wells Fargo, btw. That whole mess.
https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scan...
ISP's have been known to falsify their Form 477 data fabricating coverage stats, and overcharging customers:
https://www.cbsnews.com/news/complaints-att-directv-bundled-...
https://www.ripoffreport.com/reports/verizon-wireless/nation...
There's plenty more where that came from with every ISP to be honest.
FTC keeps stats on all enforcement actions apparently. Might be a decent place to start looking to get some solid numbers.
https://www.ftc.gov/enforcement/cases-proceedings/
Mind that that's only the ones. I assume CFPB and other commissions have similar, but do keep in mind they can't be everywhere or investigate everyone. So without stats on how many actions are dropped by prosecutorial/investigator's discretion, it is actually difficult to make really solid claims as to the actual frequency of malfeasance. Further, from my social circle's anecdata, it seems to be a safe bet that just about every organization at least has something in the the way of "muck they've cleaned up after" without getting authorities involved.
Anyway... I've rambled enough.