Looking for a Tribune scapegoat? Take your pick

When an $8-billion company goes bankrupt, it's tempting to find someone to blame -- and all the more so when that company is headed by someone as rude, crass and personally unappealing as Sam Zell. Now the foundering media conglomerate's bondholders are targeting Zell, along with the investment banks that enabled his massively leveraged buyout of Tribune, accusing them of committing a form of fraud. But do they have the wrong scapegoats?

The bondholders, whose identities are not public, have reportedly asked the judge overseeing Tribune's bankruptcy to either let them investigate the circumstances surrounding Zell's takeover or assign an independent investigator to do the same.