James Montier (currently asset manager at GMO) is one of the good guys who calls it as it is. He has warned many times for wrong incentives (rewarding short term profits but not punishing long term losses), blindly following financial models, etc.
His latest presentation "The Flaws of Finance" about what went wrong in the GFC (Global Financial Crisis) can be found here and a resource page about his previous papers/presentations and books can be found here.
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