A fantastic account of how screwed up the financial management system is. An absolute must read:
http://www.portfolio.com/...
...the main effect of turning a partnership into a corporation was to transfer the financial risk to the shareholders. "When things go wrong, it’s their problem," he said—and obviously not theirs alone. When a Wall Street investment bank screwed up badly enough, its risks became the problem of the U.S. government. "It’s laissez-faire until you get in deep shit," he said, with a half chuckle. He was out of the game...
"He" is John Gutfreund, the infamous former C.E.O. of Salomon Brothers, who started it all in the 80s