Biz editors defend coverage

Editor & Publisher recently talked to business editors at some of the nation's largest newspapers about their coverage of the mortgage crisis.
While some believe newspaper's haven't diligently covered the story enough, most editors say they were onto the story early and have covered it appropriately.
From the story:

As the fallout from the sub-prime mortgage debacle continues, some pundits have pointed their fingers at the media for possibly missing the story. Some critics, such as Nicholas Lemann, dean of the Graduate School of Journalism at Columbia University, blame the press for not reporting much of the story more widely. "The sub-prime mortgage story was just hiding in plain sight," says Lemann. "It was a get-able story."
But for those in the newsrooms, coverage, in some cases dating back to 2004 and 2005, warned readers that the expanding use of such volatile, adjustable mortgages was doomed.
"We did a pretty good job of looking at some of the rumblings and problems," said Matt Murray, national news editor of The Wall Street Journal. "I think the media was aware of this; that, if not a bubble, a huge amount of inflation was coming. Credit was being overextended."

For the full report click here.