robert peston-imisim

Secret_Wookie_2

Have to say I'm getting fed up with the BBC's constant negative slant and over sensationalisation of storys.

Think of any topic that you know a little bit about and compare it to how the BBC report on it. Everytime they start with a negative headline, gloss over the key facts and fail to give a proper balanced view.

Count_Dante

I see some folk have brought Northern Rock into this. The run on Northern Rock was already underway when it was reported by Peston, although the run was started, invisibly, by institutional investors rather than ordinary savers.

Doomcow

RayWolfe wrote: »

...Do you really belive tha RP has such reach that he precipitated the whole world banking colapse? If you do, may I kindly suggest that you are reading the wrong newspapers.

No, i dont believe he has such reach that he caused the "entire global financial meltdown".

However, i do believe that his biased, doom-mongering, headline grabbing reports, full of unbalanced projection and lacking in common sense, did "speed up" the "demise" of Northern Rock.

His negative slant and continual over-dramatisation is only making things worse.

BBC - please do something useful and dont hinder recovery efforts by letting this diddy carry on sprouting his narrowing opinion other than the news itself.

And as for reading other newspapers - sorry but we as the public already pay through the nose for the BBC and should be entitled to basic, useful news.

RayWolfe

Now read carefully.
I did not say that the BBC was the wrong newspaper. OK.
If you don't think RP and the BBC caused the problem and you believe that the BBC is a news organisation, pray tell me what you think they should report? If you concede that NR was in trouble, and you do, then how would failing to report (badly or well) that it was so, would have changed the situation? If NR's failure had been "slowed down", what benefit and to whom?
You clearly believe that we should not be given any bad financial news thus allowing trader, dealers, market spivs and other nere-do-wells to get all the information before the rest of us and profit from it at our expense.
Do you agree that "getting worse" is world wide? If so, and you agree, RP has no world clout, unlike, say, George Soros, why is the rest of the wold going downhill, fast or slow, I don't care, at a rate of knots? "Other reasons", you say. Well maybe, just maybe, it has FA to do with Robert Peston.
You don't like the man and you are equating that dislike to making him responsible here and in other threads, for all your woes.
I'll rest my case here 'cause I'm mightily bored. Teaching people is truly rewarding but if they don't want to learn, well so be it.

I,_Brian

Um...I like to read Robert Peston's column.

It's one of the most real on financial news stories.

If people would like the sanitised news from the BBC, that channel remains available on the main site.

If you'd like an insight into what is actually going on, you read Robert Peston.

Doomcow

RayWolfe wrote: »

Now read carefully.
I did not say that the BBC was the wrong newspaper. OK.
If you don't think RP and the BBC caused the problem and you believe that the BBC is a news organisation, pray tell me what you think they should report? If you concede that NR was in trouble, and you do, then how would failing to report (badly or well) that it was so, would have changed the situation? If NR's failure had been "slowed down", what benefit and to whom?
You clearly believe that we should not be given any bad financial news thus allowing trader, dealers, market spivs and other nere-do-wells to get all the information before the rest of us and profit from it at our expense.
Do you agree that "getting worse" is world wide? If so, and you agree, RP has no world clout, unlike, say, George Soros, why is the rest of the wold going downhill, fast or slow, I don't care, at a rate of knots? "Other reasons", you say. Well maybe, just maybe, it has FA to do with Robert Peston.
You don't like the man and you are equating that dislike to making him responsible here and in other threads, for all your woes.
I'll rest my case here 'cause I'm mightily bored. Teaching people is truly rewarding but if they don't want to learn, well so be it.

This thread is about a dislike of peston & his journalistic style (opinions and "headline grabbing facts) - though that was clear on the first and subsequent posts from most participants.

fact that it was linked to his way of reporting the NR issue was to highlight the case of his sensationalism and headline-grabbing ways.

the fact he reported that NR was failing is none the issue, but it is the way he reported it and other financial issues

yes RP has no "world clout" but he does have "clout" with joe public who tend to listen to people in responsible positions for direction in life, without reviewing the whole situation.

and another thing, i have no "financial woes". im certainly not making him responsible (if you would read the thread), and yes, the thread is about disliking him and his style of reporting (again, with the doom-mongering and how the public at large tend to be sucked in by such items of press, specifically from a well trusted outlet such as the BBC - note the queues outside NR branchs, as previously discussed example).

you are right however, teaching people is rewarding. teaching that their money to the first £50k or whatever it is safe is rewarding, showing them new ways to bank is rewarding, opening them to the opitions available is rewarding, and ultimatly, showing them not to be scared in such economic times is also rewarding.

so if you are "mightily bored", then dont feel you need to reply to defend RP again, or at least if you do, please defend his style and not world economics, and also think of it more as a local issue, and not a world issue. - ask any man on the street and they'd more know who RP is other than soros - and who they would more look to guidance for.

Doomcow

http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/01/collapse_of_confidence_in_bank.html

so really there wasnt ONE SINGLE positive thing to say about this latest plan, designed to get confidence back a little bit?

not even a "best we can do for now and best thing we can do now is spend a bit more and save some too"?

http://news.bbc.co.uk/1/hi/business/7838347.stm

Robert_Peston wrote:

And let's not even mention that Royal Bank of Scotland's shares are down by more than 50%, on the supposedly reassuring news that taxpayers will be sharing in its future pain.
Confidence has drained from the banking system. And to state the obvious, today's myriad announcements from the Treasury have not succeeded in rebuilding that confidence, which is so vital to a functioning economy.

what !!!!!!!!, its not been out a day and its being poo-poo'd, can see the conversations tonight - "look honey the expert people say that the RBS is failing lets get our £5000 out" or whatever, then it snowballs and before we know it....