NBC's Chuck Todd -- who, remember, is billed as a reporter covering the White House, not a pundit expressing opinions -- was on MSNBC's Morning Joe on Tuesday discussing reports that Eric Holder is likely to appoint a prosecutor to investigate Bush torture crimes. Needless to say, everyone agreed without question that investigations were a ridiculous distraction from what really matters and would be terribly unfair. This, along with Mika Brzezinski and Pat Buchanan, is what Todd argued after he was asked about the Holder story and the Cheney/CIA story (video is below):

Todd: Look, let's take all of these stories in one big thing: really, the only important thing -- the most important thing -- the President has to focus on is getting the public's trust on the economy, and pushing health care. Cheney, the CIA, and in some respects Sotomayor are cable catnip --

Brzezinski: Yep.

Todd: It's news catnip - but they're sort of clouding the two most important issues the President's got to get his arms around this week: winning back trust of the middle on the economy and pushing health care through.

Brzezinski: I would completely agree with you, yet the questions are being raised by news organizations like the New York Times. Pat Buchanan, chime in, because as I've been reporting [sic], and I'll say it for Chuck's benefit here: speaking to a former senior intelligence official yesterday on the phone for quite some time, saying that this program that Cheney was apparently blocking the CIA from giving Congressional intelligence officials information on, was not even a program -- it was not operational -- it was not even at the stage where you would tell Congress about it or talk to high-level administration officials about it.

Is this much ado about nothing to get the attention off what needs to be done?

Buchanan: Well it's exactly what Chuck said, it's a massive distraction . . . . Let me ask Chuck this: it seems to me you got a real problem for the administration if you go forward at Holder's level --

Todd: Right.

Buchanan: and they appoint a Special Counsel, the first thing the CIA guys do is say is: yeah, we did it; we waterboarded them; and here's the authorization from these lawyers who said we could do it --- the lawyers come in and say we were asked for our opinion and Cheney was the guy who asked us, and the President told us to go ahead and do it. Aren't you right into the White House of the Bush administration as soon as you appoint that independent counsel?

Todd: And I think that's why, in the President's gut, he doesn't want to do this. They've made that clear they don't want to do this. I think that's what you see a lot of the West Wing -- they don't want to get into this because of what you're saying.

Ultimately, a lawyer gets paid to not tell you what the law is -- but to interpret the law, to tell you how far you can push things until you cross a line that a judge will say is illegal. That's what lawyers get paid to do: they get paid to interpret the law, and interpret the law in a way that allows you to stretch things.

You are on a slippery slope - this is a very dangerous aspect to go after, because these CIA guys will say, as you said Pat, we got the letter from these lawyers in the Bush Justice Department that said we can do this. You can't suddenly change the law retroactively because there's another interpretation of this. I'm sure there are a legal minds that will fight and say I don't know what I'm talking about here, but it seems to me that's a legal and a political slippery slope.

This is about as typical a discussion as it gets among media stars as to why investigations are so very, very wrong and unfair and unwise. Still, this discussion in particular vividly highlights several important points worth noting about the role of the establishment media.