The Economist, examining some of the worst excesses of casino banking abroad, has declared that to politicians – not with us tonight – “banks are both incompetent behemoths waiting for public bailouts and conniving profiteers, pulling a fast one on their customers”1 The Economist might think that… But I could not possibly say so… could I?
Some would argue on this point that an important factor came from organizational behavior and a certain "responsibility avoidance" attitude on the part of organization members – what is referred to in the literature as "plausible deniability".