Re: "Such a breach was entirely preventable"
No go read the comment. And also read about capitalism. Regulation is a part of a capitalistic model, it is politics that interferes with it. If anything it is a weak democratic process in America with lobbyists that is the problem, not the economic model. You are ignoring the theme of the post that somehow it is capitalism that allowed him to retire with millions of dollars without consequence.
Soviet Russia did just as badly.