When will you all accept that the Banks are not there for our benefit. If the banks had not behaved historically in the manner they do (Merchant of Venice ) A certain community of the banking world would not have been so powerful.
The Government are a party to the whole charde. BOE rates 0.50%, banks charging a margin of 4% to 4.50% on mortgages with 70% to 75% LTV. They the Government are turning a blind eye & letting them build their balance sheets. Otherwise they will have to bail them out.