Archived Blog Post: February 5, 2004
The Debt No One Wants to Talk About: "A key lesson from Enron, Worldcom and other business failures is that our free-market system depends on public confidence in the accuracy of corporate financial information. Recent G.A.O. reports have highlighted the increasing frequency of corporate earnings restatements. Who would knowingly buy stock in, lend to, or do business with a company that conceals its true financial condition?"