In addition, there might be individual prosecutions after applying the identification principle to controlling officers of the company.
The Justice Department sent me a list of two dozen nonprosecution or deferred prosecution agreements that eventually led to individual prosecutions, from UBS tax evasion to Alcatel-Lucent foreign bribery and the Beazer Homes mortgage and accounting fraud.
A majority of individual prosecutions appear to involve people of relatively limited means who are in smaller or privately held companies or who are officials in foreign companies based outside the United States, where there is little likelihood of a conviction.
But the real frustration is the lack of individual prosecutions, which strengthens the impression that the company will take the hit by paying a large fine to protect executives.
"Part of those survivors coming out publicly has been calling attention to the structural and systematic ways that colleges are failing," as opposed to the classic he-said-she-said of individual prosecutions.
"The facts of the present case are undoubtedly tragic and the frustration of Mr De Menezes' family at the absence of any individual prosecutions is understandable," the judgment said.
That's why individual prosecutions need to be part of a broader enforcement system, said Ms. White, the former United States attorney.
Instead of pushing a debate about how to restructure our predatory financial system, liberals in their focus on individual prosecution are aping the punitive zeal of the authoritarians.
Prosecutions of individual foot soldiers are unlikely.
Specifically, they argue that there are not enough prosecutions of individual executives.
There have also been criminal prosecutions of individual bankers around the world – several of them British – with more expected.
