Imagine the temerity of the Securities and Exchange Commission floating a series of proposals that would force companies to disclose a wider amount of information in their 8-K filings in a swifter turnaround period and also mandate chief executives to personally certify financial statements.

By this time — and that inference means post-Enron — most investors realize that earnings statements aren’t as reliable as say, a muffler guarantee from your local Midas, or a service visit from a lonely Maytag repairman

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