Let's see - Matt Yglesias of JL on the AIG furor - it's a distraction:
JL founder Ezra Klein on the AIG furor - its a distraction:
Noam Scheiber, JL member, on the AIG furor - it's a distraction:
Kevin Drum (gotta be JL) - it's a distraction:
Don't think of the JournoList as an echo chamber - think of it as a time saver!
Let me suggest one enhancement - why couldn't they just designate one message as the JL Theme of the Day and post it at a dedicated blog. That would save us even more time since we wouldn't be seeing the same message kicked around in non-echo chamberish fashion at multiple blogs. Of course, the downside is that we would miss the pleasure of seeing different artists present their cover version of the tune of the day. Tough call.
And since you asked - if Obama is not coordinating with his Treasury secretary, who is in turn talking neither to the Fed nor his missing staff, then yes, we have a real story here.