Bill Browder, a leading crusader for better corporate governance in Russia talks about how he lost $900 million when the Russian ruble was devalued. He decided to stay on - unlike the others who left in the aftermath - and fight the corrupt Russian oligarchs and the government as well. Analyze Bill Browder's experience in Russia in the context of the fundamental prerequisite of all effective financial systems: a sound legal structure based on the rule of law, enforcement of property rights & contracts and measures for anti-fraud protection.