Friday, February 27, 2009
Banker lynch mob diverting attention from losses to taxpayer
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.