Journalists role in the financial crisis?

Forbes reports that a parliamentary panel in Britain questioned five of the country's leading business journalists, including the editor of The Financial Times and the BBC's business editor, about their role in the financial crisis.
From the story:

Did they do enough to warn about the crisis before it happened? Why did their reporting not uncover the excesses of the banking industry before 2008? When the crisis eventually broke, did they exaggerate fears, notably during the run on Northern Rock which the British government ended up having to nationalize?

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