I know that history is a very subjective thing, however, Margaret Irwin in her biography "That Great Lucifer: a portrait of Sir Walter Raleigh," makes some pretty good points. It seemed that Raleigh was a person who preferred to trust, and it seemed that Bacon and Cecil were the type to betray trust. I mean, just think of this. Robert Cecil sends his sickly son to the Raleigh's to be taken care of. They raise Will with their own Wat until he's healthy. Then, later, when James takes the throne, Robert Cecil sells Raleigh to James as a traitor.
Bacon was no better. After Raleigh is released after thirteen years of imprisonment in the Tower, the King (James) gives him permission to go find gold (some mine located of the Orinoco), but he won't rescind the death sentence on his head. Raleigh is concern about this, so he talks to his friend, Francis Bacon, who says 'don't worry, the King made you an Admiral!' Well, James betrays Raleigh to the Spanish by sending them the expedition's plans, Wat (Raleigh's son is killed), and the expedition ruined. When Raleigh returns home, Jame's wants his head. So, to make the king happy Francis Bacon informs the King he can kill Raleigh any time, since the decade old death sentence was never removed. Result, Raleigh is killed, and the Elizabethan age is at an end.
So, do you think this double dealing, two-bit snake wrote as Shakespeare?