The massive financial meltdown worldwide has exposed some gaping holes in business systems and structures that begs the question: "why in a world endowed with cutting edge technology is such a situation possible?" One could be excused for thinking corporate fraudsters screwed the system their way, lining the pockets of business associates to keep them on side in order to protect their status quo.

And so, beginning in America and reverberating around the world, governments are left with the job of shoring up rapidly failing financial houses and corrupt corporations in an almost impossible effort of averting a complete financla collapse around the globe.

Looking into the future perhaps government legistalion demanding watertight accounting systems need to be applied to business and corporate structures to prevent individual directors and/or corrupt boards tweaking systems to hide their indiscretions for their own ends at the expense of any consequences. The technologies are there, they simply need to be put in place and frequently audited to ensure financial stability going forward.

Even here in little old New Zealand we are able to take advantage of implementing auditable technologies through websites like www.infuseplus.com and others; perhaps New Zealand could take a lead here and demand business use these things to ensure fail proof systems from hereon out.