UK Establishment: Bent on destroying Banks

While the Euro Crisis rages and serves as a useful decoy one development is largely unnoticed by the Commentariat: the war that the UK Establishment - political parties and some parts of the media - wage against the banking system that they claim to protect from intrusive regulation from abroad.
Certainly there may have been cases of mis-selling of payment protection or swaps but to rule that all such transactions were executed in bad faith by the banks that sold the protects is going too far, not just a step but a mile! The payment protection bandwaggon is in full swing, all customers can claim full refunds even if they were fully aware of the limitations of the product. The campaign to allow untold numbers of commercial clients who went into swap transactions to hedge against (mostly interest rate) risk is in full swing and probably will also provide a let-off for those who argue (with the benefit of hindsight) that the derivative deals landed them with losses. Basically one could apply a similar argument to all insurance products that have been sold and where there was no subsequent claim. Were the premiums not wasted and in effect a 'loss' for the buyer of the insurance? As there is no free lunch the shareholders of the banks as well as the majority of bank customers will be the ultimate victims of this totally unjustified witch hunt that is perpetrated against the banks.