The Media Doesn’t Properly Inform its Public

Both the financial and general media are to blame for not often explaining what they report. They talk, for example, about regulation without putting it in laymen’s terms. They also do not properly explain financial risk.

Risk was never overcome by regulation and the media can more fully explain this, if they ever truly tried to find facts out for themselves and report them so the average person could understand.
 
For instance, Fannie Mae and Freddie Mac were risky semi-government agencies who were instrumental in our subprime debacle. There was no lack of regulation. But the financial meltdown resulted in even more useless and restrictive regulation.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)