So a day later here is what I see.
People are upset. Something should be done.
Several mods agree that something should be done.
Welshpony's response to this is not satisfactory.
A warning point for a mod is pointless, since mods can remove those.
A 7 day ban for anyone is basically nothing, less punishment the less online you are in general in fact.
So how about taking away the mod status?
@FloofyNewfie you are the only admin who responded to this, so you opinion?
@Oldman you suggested it in the first place?
Linking to that evidence would be useful.