Problem 1: Should it make any difference how the whistle is blown-internally or externally? When might it be ethically appropriate to blow the whistle (a) internally; (b) to the enforcing authorities, such as SEC regulators; and (c) to the media?
Problem 2: The state laws protecting whistleblowers vary enormously, but none of them protect whistleblowers who turn to the media first. Why do you think that is so? Does that seem like sound policy to you? Does it encourage or discourage ethical behavior?