There are moments when you listen to the BBC when the clouds suddenly part, the sun breaks through and the person being interviewed layeth a smackdown on the BBC interviewer. Such was the case this morning when RBS CEO Stephen Hester was interviewed here on Today by James Naughtie. What a cracking performance from Mr Hester. Naughtie pursued the usual dismal biased BBC narrative which seems to reduce to; 1/ The Banks were solely responsible for the financial crisis 2/ Bonus payments are wrong 3/Fairness should be the central nostrum for capitalism. Each time he tried to get Hester to agree, the RBS Chief effectively dismissed the proposition put forward. When Naughtie compared Hester to a Doctor, implying the latter did what he did without bonus payment, Hester compared Naughtie to a Nurse (!) and batted the point straight back. This was a seamless performance and even at the very end when Naughtie resorted to making a cheap point using Hester’s parents, this too was dealt with. If you haven’t bought shares in RBS, you should. It’s a pity we are forced to buy into the BBC. Well done to Mr Hester.
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