Hernando de Soto Says Toxic Assets Emerged From a Shadow Economy - WSJ.com

When in doubt, blame the accountants?Why? As Hernando de Soto points out, there are trillions of dollars of off balance sheet obligations that can not be easily accounted for.Without a doubt regulators and law makers deserve much of the criticism for allowing this to happen, but at the root is a failure in information systems (and by this I mean accounting and not IT).Hernando de Soto Says Toxic