Part of the problem here is that Frontline has taken its cue from press coverage. Most of the talking heads who tell us the story of collapse are journalists, from the New York Times, The Wall Street Journal, The New Yorker and others. So problems with the Frontline piece mirror problems in the press—but, and this is Frontline’s blame alone, without reflecting the work of those who really did get it. Some of whom Frontline even interviews!

Frontline has done excellent financial reporting in the past. But despite some glowing reviews of this piece, we agree with Alternet’s Danny Schechter: Frontline ill-serves watchers here. And we hope it will take another crack at this one.

Elinore Longobardi is a Fellow and staff writer of The Audit, the business-press section of Columbia Journalism Review.