Friday, Feb 27, 2009
Banker lynch mob diverting attention from losses to taxpayer
Daily Mail: Is BBC reporter Robert Peston a government stooge?
Fresh questions have been raised over whether BBC Business editor Robert Peston is being used as a Government stooge during the financial crisis.
On Wednesday's 10 O'Clock News, Mr Peston breathlessly reported that Sir Fred Goodwin was already drawing a pension of £650,000-a-year.
He said that his pension post was worth a 'handsome' £16million. It was revealed yesterday that Sir Fred can actually claim an annual pension of £693,000.
The announcement completely overshadowed yesterday's disclosure that RBS had made a record £24billion loss - the biggest-ever in UK corporate history - and that the taxpayer would be insuring the bank against future losses of £325billion.
Posted by mountain goat @ 12:55 PM (709 views) Add Comment
12 Comments
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1. troy said...
peston? journalist of the year? apparently
2. denzil said...
Now we are talking. Peston, the voice of impartiality, my bottom. Peston has gone so far up his own backside ,I fully expect him to emerge from his own mouth anytime soon.
3. Crunchy said...
David Smith is also on the pay roll for being wrong most of the time.
The list is bigger than most people think. The decade where being wrong is so right for the pocket.
Another day another dollar.
Of course they should get bonuses for selling out! IMHOpinion.
4. Jayk said...
Quoting the Daily Mail?
Really?
5. Hip Hater said...
Meanwhile is another shock horror report, it has been dicovered that bears defecate in the woods.
6. shining wit said...
It's obvious that Mr Peston is getting his information from a very high source(s) indeed. The sort of information he is getting would not be in the general media 'chattering classes' with such speed.
He ability to be ahead of the game, time and time again makes it obvious that he has several sources inside governement at the very least.
7. refusetobuy said...
If you know the accrual rate and salary, you know what the pension is.
Directors pensions and salaries are reported in the annual report and accounts.
Accrual rate can be worked out by comparing 2 years of reports.
No need for inside knowledge.
8. alan said...
What a brilliant diversion. Fred gets the front page while all those losses sneak by without a comment.
I really believe events like this are stage managed. How mant £Bn were lost to housebuilders and speculators?
9. Jb123 said...
The losses hardly went by without a comment. They were headlines in the morning and discussed, along with the taxpayer insurance scheme, in detail on the 'daily politics' for instance.
Leaked information? Stooge? I think not. Simple conspiracy theory.
10. p. doff said...
Smoke and mirrors. IMHO all this talk of nasty bankers and bank bonuses is simply intended to divert attention away from the real culprits, ie the politicians
11. mountain goat said...
I think Peston knows a good story and does check his sources carefully. However, Blair and Brown have a history of leaking information to serve their own ends. This story is a very convenient way of diverting attention from the terrible exposure the UK has to our bad banks.
Do I care if a fat cat gets a few £million for poor performance? I suppose so. But why single out one? What about the fat cats that are long gone, sitting on their yachts in the Caribbean?
However, what really outrages me is the £100 billions we as tax payers now have to pay back. The £million bonus', pensions' etc are chump change by comparison, not worth bothering about.
12. mountain goat said...
Then again maybe I shouldn't bother being outraged. The £100 billions will never be paid back. There is bound to be a tax revolt.