Replies to post #9072 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

augie, my point is that executives have to sign the 10Q and 10K as it is now, and by affixing their signature to a document they know has falsehoods are exposing themselves to fraud as it is as well as civil suits. It would be just nice if the SEC would enforce the law as it is, they don't need more laws, IMTO. Breaking that "supposedly" new oath is not better or worse than breaking their committing fraud under their current signature. So what, the additional penalty is perjury?

Zeev

[Aquarius]

-- he or she has read the report;

Augie, this alone is a major milestone, indeed.

SEC has gone where no man dares go, such studs!

Previously, CFOs have seemed bewildered, or dazed
and confused, when queried about the contents of
their reports. What could explain it? They
forgot to read the damn thing, of course.

But wait, don't you think, we should be concerned
that they might not be literate? After all, it is
a rather common condition. Maybe the whole problem
is that they cannot read! What a nightmare, indeed.

Perhaps we need a new law that provides literacy programs
for CFOs, what you think? Plus, how about a new
branch of government: CFO literacy

The new branch could have full checks upon the supreme
court, and enforcement branches! Maybe now we have
a good reason to rebuild the twin towers: a home
for CFO literacy! Plus, we could have a couple hundred floors of highly secure safes,
there, for them to store their incidental possessions
while they study. A few $billion here, a few $billion there,
of pocket change, better have it under lock and key, right?

Aquarius