Eric, I agree that big business certainly CAN get things done more efficiently than big government. The problem with both is that there is no accountability for these types of shenanigans. The senior execs perpetrating and profiting from these massive frauds should have to forfeit their earnings and do hard time in a real prison.
And whatever amount of our money the government is unable to account for (certainly a miniscule drop in the bucket of the government's total budget), it defintely has not had the same impact on the stock market, millions of people's retirement savings/investments, and our overall economy as the recent corporate scandals.
Hopefully none of this will plunge us into the next great depression. It certainly doesn't lend us, our financial system, and our way of governance much credibility on the world stage.