Is the Fourth Estate doing its duty? Peter Wilby, in the Guardian, is scathing:

In America, the satirist Jon Stewart has been shredding the reputations of the country's top financial commentators by digging out TV clips of them from 2006 and 07 - before the world financial crisis took a grip - offering hilariously foolish advice. The BBC's business editor, Robert Peston, told the Observer that no such satire would be possible in the UK. "The evidence isn't there of a complacent, or self-satisfied, or lazy, or unduly optimistic media," he said. Oh, yeah?