Never let facts get in the way of a good conspiratorial rant.
In this case, there's no need for conspiracy. Media leftists don't need to get together to distort the news. Their looking glass worldview means that they all interpret it a certain way, without any need for coordination.
Democrats probably let a lot of things slide. That's perhaps how Jon Corzine got away scot-free despite diverting client funds into company accounts at MF Global. It's how Loral's Bernard Schwartz got away with providing rocket technology to China without a lengthy prison term. Clinton basically used Loral as a cut-out to provide this technology, in exchange for Chinese campaign money. Thanks to that sob, China can now be certain that their ICBM's will land where they want them to land.
Bottom line is that stopping these things requires direct executive intervention. Clinton kept Loral's chestnuts of the fire thereby shielding his own. Obama kept Corzine out of prison. Blagojevich and Jefferson were investigated and indicted under GWB.