Profiteering bankers cash in on credit crunch bailouts

The scandal, the infamy, the outrage, the horror:

The Bank of England revealed yesterday that it had racked up record profits of almost £1 billion in the year to February as its fee-earning activities burgeoned amid the global financial and economic turmoil.
…
The Bank's soaring profits have come as a direct result of its massive interventions to shore up Britain's banking system, as it has levied fees and interest on stricken high-street and commercial banks in return for the financial lifelines that have seen them through the financial storm.
…
Yesterday's report showed that included in the year's bumper profits for the Bank were £7 million earned through its support for the collapsed Bradford & Bingley and a further £4 million from its backing for the failed Northern Rock. The Bank has also earned large amounts from the £185 billion loaned to banking groups in the form of Treasury bills, under its Special Liquidity Scheme (SLS).