Perhaps he should have paid a bigger personal fine, assuming he was entirely responsible for the institution's failure as a result of misconduct or negligence.

Perhaps he should have paid a bigger personal fine, assuming he was entirely responsible for the institution's failure as a result of misconduct or negligence. My issue with clawbacks is that they set an upper bound of $470 million for a fine in his case, when I think the fine should be whatever it takes to deter lawbreaking.