The Basics of Banking.

Theory:Banks collect deposits from savers, and lend the proceeds to borrowers.
The bank pays a minimal interest rate on the deposits accrued (taxable at source) and then charges at least one hundred times the minimum rate of interest paid out to depositors to the unfortunate borrower, all with horrendous default charges should said borrower be so stupid as to miss a payment.
A kings ransom for being piggy in the middle, sat on yer arse doing sod all and without liability.

So why are these greedy trough masters being permitted to charge service fees on current accounts in credit?
This surely is tantamount to biting the hand that feeds you, or in the fullness of time, killing the goose that lays the golden egg in the normal world?

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