Readers deserve more than he said/she said on this, especially when there’s clear documentary evidence of, at the very least, rule breaking by Millard, like repeated contacts with companies who had bid on PBGC contracts despite repeated warnings that that was illegal—and as the Times reported the other day:

Mr. Millard, in some e-mail messages sent during that period, makes clear that he knew the rules prevented him from discussing the contract.

Interesting, huh? Even more interesting is that Millard was seeking jobs from these people immediately after the contracts went out.

But Journal readers are left wondering why a former top government official pleaded the Fifth in a corruption case before Congress. That doesn’t cut it.

The paper needs to weigh in on this story in a much bigger way.

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.