They reported it because everyone knew it was in danger of collapse - it was a matter of time.

I'm amazed - everyone always complains that television news screws up and gets the facts wrong. Then when an obvious error is discovered, people are in disbelief that they could make a mistake. It still makes no sense to me.

Spend 15 minutes in a newsroom and you would be amazed at how easy it is to screw something up.