We are so far away from any reasonable efforts that we’d need to put pretty drastic punishments to even have a chance to tip the balance on the “too much” side.
In particular in the current situation we are talking about rampant criminal behavior, it seems weird to me to go “don’t tap too hard on their fingers, they are doing all their best, sending memos every quarter to absolutely not make money though unethical ways”
Do you currently see banks as a bastion of straightness and uncorrupted values ?
We have scandals after scandals for as long as I can remember, from the pettiest levels (opening sub accounts without telling clients to meet sales figures, blacklisting bankers from the whole profession when they dare refusing to play along) to nation wide crisis inducing levels.
The point of this article should be that SARS are filed often for things that aren’t criminal, mostly for things that aren’t criminal. So where is all that crime?
Again, the only specific crime you’ve listed is the Wells Fargo commission scam committed by mid level employees to up their compensation. They didn’t steal anything or kill anyone, they created some extra accounts to look good in review.
We are so far away from any reasonable efforts that we’d need to put pretty drastic punishments to even have a chance to tip the balance on the “too much” side.
In particular in the current situation we are talking about rampant criminal behavior, it seems weird to me to go “don’t tap too hard on their fingers, they are doing all their best, sending memos every quarter to absolutely not make money though unethical ways”