It has proven itself, time and again, perfectly capable of taking on Wall Street, itself an important market for terminals. One could argue that it has earned the benefit of the doubt.

But its own staffers, at considerable risk to their careers, have brought the issue to the fore. And now it’s up to Bloomberg News to prove it again.

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Dean Starkman Dean Starkman runs The Audit, CJR's business section, and is the author of The Watchdog That Didn't Bark: The Financial Crisis and the Disappearance of Investigative Journalism (Columbia University Press, January 2014). Follow Dean on Twitter: @deanstarkman.