There is a difference between a conspiracy and a conspiracy theory. A conspiracy theory does not start from a nugget of fundamental truth. It starts generally from one of two psychological factors: either the irrational need to portray a designated authority figure as villainous, or an individual's attempt to attain personal recognition by attaching himself in some way to a significant historical event.
I agree that the wrong questions are asked, where "wrong" is defined here as inappropriate to a legitimate investigation of the purported causes and effects pertaining to the theory. That's because the purpose of the "investigation" is to realize one of the goals above, not to arrive at a better understanding of the events. So some questions are motivated by the need to cast fear, uncertainty, and doubt upon the motives of the designated villain. Other questions are asked to make the inquisitor artificially seem important or well-informed.
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