Marketwatch’s Jon Friedman highlighted the business media’s insider-y relationship with Wall Street. At a press conference announcing Bank of America’s acquisition of Merrill Lynch, Friedman observed, "With all the carnage, you might expect to see a pinstripe lynch mob of sorts encounter the two chief executives. But the media were so polite and deferential to the two CEOs, they behaved as if the press conference were a victory lap for the financial services industry."