"I`m no great champion of banks, but rubbishing someone for providing a service someone else is keen to acquire, just seems wrong."
The problem is the current system of "fractional reserve banking" is wrong.
A couple of folks put $5.00 in the pot and get a bank license.
They borrow $5.00 from the public which the call a liability as they might need to return the bucks .
They take this $10.00 and loan out between $400 and $1000 of credit, which pays interest and is called an asset.
They take 40% of the profit and pay staff , building costs etc.
60% is divvied up among the higher level folks as annual salary enhancement bonus.
When the asset cant pay either interest or principal Unkle Federal Reserve steps in sez there "too big to fail" , so uses either our tax money or simply creates more credit (out of thin air) to restock the bankers with operating cash.
Nice deal, If you can get it! No guns required for a fantastic lifestyle.
Similar world wide the Swiss UBS head just took a 5% pay cut , but still takes home over $10,000,000 a year.