More like "cognitive dissonance ". Folkow Scott Adams (creator of Dilbert comic strip) for more on this and how it has taken over D.C. and the public in general.

"Denial – the mind refuses to acknowledge the reality of the situation because the truth is too painful to handle."

For some over there it is CD. For most it is simply a job and trying to discredit the company to get Shareholders to revolt and/or immediately sell upon relisting. Nothing else makes sense on their investment in time.