Last Friday, CNN’s Eason Jordan published an op-ed in the New York Times that contained some admissions that cannot be considered as anything other than astonishing. CNN’s “chief news executive” confessed that, among other things, Saddam’s crazy son Uday had told Eason in 1995 that he, Uday, intended to assassinate two of his brothers-in-law. The two men were not warned by CNN and were eventually lured back into Iraq where they were murdered. Jordan said in his Times essay that he felt awful having these stories “bottled up inside me.” Not as bad as the brothers-in-law felt, of course, but pretty bad. Jordan went on to confess that during his watch CNN also failed to report other tales of the Hussein regime’s towering brutality.

Some observers exploded in outrage at CNN’s complicity in the crimes of Saddam Inc. Still others asked why Jordan chose to make his confession now. In fact, there are a series of questions that need answering in short order. CNN is, after all, part of a publicly traded company with obligations to its investors. Jordan’s decisions have tainted CNN’s reputation, undermining the key asset of a news gathering organization–credibility. (Last October Jordan even misled the New Republic’s Franklin Foer on the very subject of CNN’s reporting on Baghdad, as Foer recounted in yesterday’s Wall Street Journal.) CNN’s credibility may be beyond salvage, but any serious effort at holding itself out as a reliable news source will have to follow full disclosure of key questions, some of which the SEC might also be interested in. These questions include: