Part 9/11:
Despite the catastrophic fallout of the financial crisis—a global recession that forever altered millions of lives—Baker's observation about the persisting inequalities in accountability remains relevant. While he lost everything, from his luxurious lifestyle to financial stability, senior executives at major banks not only emerged unscathed but continued to thrive.
In the wake of the crisis, financial institutions were forced to pay settlements, yet these payments often came without any admission of wrongdoing. The public scrutiny diminished as executives continued to navigate the system with impunity, further fuelling a culture that encourages risk-taking devoid of consequence.