In pleading guilty, Nussbaum said SAC Capital wanted to "express our deep remorse for the misconduct of each individual who broke the law while employed at SAC". "This happened on our watch, and we are responsible for that misconduct," he said.
Yet I fear this episode might cause us to spend too much time examining the misconduct and crimes of individual soldiers while ignoring the unconstitutional acts committed by our leaders in Washington in the 1960's and 1970's.
Mr. Sessions also suggests that the reform agreements are prompted solely by the misconduct of a few "individual bad actors". But before a consent decree can happen, a court must find a "pattern or practice" of unconstitutional policing.
"The felony-murder rule completely ignores the concept of determination of guilt on the basis of individual misconduct," the Michigan Supreme Court wrote in 1980.
In unveiling the charges on Wednesday, Preet Bharara, the U.S. Attorney for the Southern District of New York, rightly said, "This was not a tempest in a teapot but, rather, a perfect storm of individual misconduct and inadequate internal controls".
"This was not a tempest in a teapot but rather a perfect storm of individual misconduct and inadequate internal controls," Preet Bharara, the United States attorney in Manhattan, said at a news conference to announce the charges.
"This was not a tempest in a teapot but rather a perfect storm of individual misconduct and inadequate internal controls," said Preet Bharara, the United States attorney in Manhattan, taking a thinly veiled swipe at Mr. Dimon's earlier assertion.
The VW chairman said the scandal was the result of a combination of individual misconduct and mistakes in one part of the business but also flaws in company processes and a tolerance of rule-breaking.
"In addition to reviewing its implementation, we will review DHS's adherence to court orders and allegations of individual misconduct on the part of DHS personnel, including CBP agents," he said.
"As has already been conceded, this was not 'a tempest in a teapot' but rather a perfect storm of individual misconduct and inadequate internal controls," said Mr Bharara.
