July 21, 2012

And yet no one hangs

A few more crimes best left unsolved, from Joe Nocera:

And where were the regulators? “Subcommittee investigators found that the OCC” — that’s the Office of the Comptroller of the Currency, which is the nation’s primary bank overseer — “had failed to take a single enforcement action against the bank, formal or informal, over the previous six years, despite ample evidence” of money laundering, reads the report.


(link)

3 Comments:

Blogger First Sea Lord said...

It's what I've been calling a thing.

I don't see that arguments, in the classic sense, will ever win over or reform in some way the egregious financial offenders.

If you support good order, justice, law and balance, you are in an awful position arguing with people making spectacular, almost unlimited profits with various types of horrendous abuse.

We never came up with some brilliant where malefactors abandoned slavery; we clobbered them rhetorically and dialectically with the wrath of God Almighty, they replied with the same. It was raw power. It didn't end well, except that a possible better future was built.

In many world political conflicts, you have to divide your opponents, isolating the worst ideologues from more sensible people. You'll never reform the worst, but you can make them progressively less relevant.

The toolbox is always more or less the same: they can be discredited, prosecuted, punished, bought off, exiled, humiliated, and the most effective - made slowly irrelevant by more dynamic cultural and social movements. And you can reward people who do it properly, publicly and over and above the malefactors, being very careful to publicize their accomplishments without making them saintly and sanctimonious heroes, which can tend to undermine other people's sense of efficacy. It's "I am not unlike you; and we can do better."

I suggest all of the above.

July 22, 2012 at 10:43 AM  
Blogger First Sea Lord said...

*came up with some brilliant argument where..*

July 22, 2012 at 2:11 PM  
Anonymous Anonymous said...

Hanging's too quick for 'em.

July 24, 2012 at 11:22 AM  

Post a Comment

<< Home