Engineers stopped running such firms long ago cause they are totally inept at financial engineering. Its the financial engineers who run things, and you can bet right now whatever happens they will get the govt to bail them out. The culture will only change when financial engineering is reined in or part of tech/engineering education. Until then John Oliver will have a never ending supply of such stories from helpless engineers who are so out of control over anything they run to stand up comedians to cry about their problems.