Scaremongering Journo-Crassness like his should be banned. It was the nail in XL's coffin when people cancelled holidays & booked elsewhere because a couple of papers said "Ooh, XL's looking dodgy".
That is categorically not true; it was overleveraged operationally and financially, and was completely unable to sustain itself following mild booking downturns during a recession.
To suggest that media should be gagged would be completely counterproductive in establishing the truth.