Put NCAA in charge of Wall Street

July 24, 2012

The NCAA’s penalties announced yesterday against Penn State’s football team were swift, decisive, relevant and appropriate, based on the “lack of institutional control” over the football program that lead to giving higher priority to protecting the program’s and its coach’s reputations than to protecting the child-rape victims.

Perhaps we should put the NCAA in charge of Wall Street, with power to levy sanctions where lack of institutional control has been largely unpunished despite actions that brought down the entire economy.