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Moral panics may result in legislative and/or long-lasting cultural changes in the societies where they occur. The concept was first introduced into the field of sociology by Stanley Cohen in his 1972 book and has since been expanded by other researchers. [1] [2] [3] Moral panics are different from irrational hysterias. [4]
After 3 years, both banks were put into bankruptcy, a new nationalized bank was created and the assets of the two bankrupt banks and the bank accounts of local account holders were transferred to the new bank and the local depositors were made whole by stealing about $180 million of money belonging foreign depositors, who lost their entire savings.
Netanyahu accused the court of “moral bankruptcy” and said the charges were aimed at deterring Israel “from exercising our natural right to defend ourselves.”
A bank may try to hide information that might spark a run. For example, in the days before deposit insurance, it made sense for a bank to have a large lobby and fast service, to prevent the formation of a line of depositors extending out into the street which might cause passers-by to infer a bank run. [1]
These days when honest CEOs who take a stand get funny looks, any story of moral attributes from executives is a little shocking. One of the latest standouts in honorable actions rises from the ...
For many, the cost of life-saving care is too high, and medical debt is the No. 1 cause of bankruptcy in America. That is to say nothing of the emotional labor of navigating the complex system.
[1] [2] [3] Some simply refer to it as a case of being neither moral nor immoral. [4] Amoral should not be confused with immoral, which refers to an agent doing or thinking something they know or believe to be wrong. [5] Morality and amorality in humans and other animals is a subject of dispute among scientists and philosophers.
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