As a rule a fat return should be a price for a high risk and as we have all just had deomnstrated actually running a bank is a low risk activity.

I have been wondering about this, the whole excuse for high profits is the high risk they take.... without the risk... hell i would rather the goverment took this non existant risk stockpiled the profits and then used them when the crap hits the fan, that way we can still keep the banking industry going without having to spend taxpayers money on it when it goes wrong...

Nationalisation FTW!