The same fact-checking system that got Nixon impeached, that revealed the Iran contra controversy, and the one that lead to one of the largest protests against a war in American history (the Iraq war protests).
You took events that transpired and then placed the blame on the system that allowed us to correct for these events in the first place (or at least attempt to). I'm sorry your criteria for a functioning and healthy media system is one that A) Never makes mistakes B) Can preemptively stop government officials from doing bad things.
I'd be interested to see you expound on the statements you made.