These are the questions that need to be asked by the media, even if nothing is amiss. The cause and effect scenario should be a natural red-flag for any enterprising reporter: Obama stacks his economic team with Wall Street veterans during a crisis in bank liquidity; Wall Street gets billions of dollars in regulation free money.

As the role of the executive branch in the nation’s private sector becomes more and more complicated, administration officials’ entanglements with the private sector should be subject to more and more scrutiny. Summers’s and Geithner’s past roles with Wall Street deserve nothing less than total transparency—something best achieved through diligent reporting and inquisition.

Kate Klonick is a journalist in New York City. She has written for ABCNews.com, Esquire, The Guardian, The Washington Independent and Talking Points Memo.