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Originally Posted by longtrman Blueliner,
Wouldn't it be great if some one passed a law to the effect that if a manufacturer or distributor missed a tax payment by so many days the tax authority would require the manufacturer/distributor to notify all dealers and prospective dealers of the failing. If this had been law in 2005 I would never have taken on the Scorpion tractors and the attending loss that caused me and I would have been suspecting problems at Farmtrac before I read about it on TractorBynet.com! |
Longtrman,
Thanks for the post. Shows me you're thinking.
That seems like it'd be an extension of the 2002 Sarbanes-Oxley business reform act.
I wonder how much "infrastructure machinery" would be required to implement it? Maintain it?
Sounds like something to hit up state and federal legislators for.
Don't know where this ties in but... I think you mentioned running a Dunn and Bradstreet report on a business to check their fiscal health.
Since even beancounters can only cook the books so long ... the aforementioned keeps leading me back to something: Textron's complicit role in the scam finance program, investment flop and subsequent scramble to recoup losses through a joint tractorloading effort with "sleeps with the fishes" Farmtrac North America.
--b