In financial crisis, the objective story shows its limits

The financial press has been taking it on the chin lately for its coverage of the nation's economic mess. Some of it's well-earned. At least several financial writers have acknowledged they should have asked more questions about the long period of easy credit, soaring asset prices and ever-growing leverage on Wall Street. To my eye, the criticism is overcooked. Even a casual reader of the business press the last few years would have known that big trouble lurked. The two dailies showing up on my doorstep in Washington the last 13 years, the Washington Post and New York Times, regularly…