While this Report is light years better than what is typically seen in the mainstream it stops short. It doesn't really go into why the government has been standing down. It allows the viewer to get the idea that it is just government incompetence again. Sure it's not good being seen as incompetent but it's better than the truth. The truth being the revolving door between the regulators and enforcers in the government and the people working at the wall street banks. Far too often they are the same people just at different times.
Then there is of course the neglect on the government interferences. But those were often part of banker lobbying too...
Calling this a 'hit piece' is a stretch. It doesn't do just enough for american viewers to keep their illusions.