A financial research consulting firm has done what the media has failed to do: look past the official statements and check the numbers. What they found, they say, is that the “credit crisis” is fraudulent and that the media have been too compliant in accepting public statements. Must be a holdover from the way the media covered the Obama campaign. They conclude:

[T]hat the claims made by Treasury Department Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke to justify a socialist takeover of the financial industry were demonstrably false.

As for the media, they say:

“What we need from the media is more skepticism and more engagement. Too frequently statements are taken at face value. Also, most journalists are under such tight time pressure that they do not have the time to reflect and to dig deeper. They are on a conveyor belt and just trying to keep up with the required level of output.”