Private banks also channel the money (i.e. and hence the 'means of production') to wherever they want it to go ... thus bankers control the economy, and the areas within the economy allowed to grow (i.e. this is not carried out by representatives of the people, for the people)!
Banks poured money into these 'schemes' in pursuit of short term profit and 'greater returns' - with investment in real businesses sidelined and/or frowned upon (as these require time, effort and resources).
Politicians are currently controlled by the banks (e.g. lobbying, threats to growth and/or moving abroad) and/or in the pockets of banks (party funding, ex bankers, future bankers ... just look at Tony Blair who is now getting $2m+/year from J P Morgan) ...
Labour would be quite rightly accused of being controlled/ manipulated by the banks, but they would not be accused of being in the pockets of them (except for Tony Blair). One cannot say the same for the corrupt Conservatives however, who refused to give the British people a proper inquiry (and justice) by minimising its scope, independence and level of scrutiny (n.b. they now control the scope, chairmanship, and membership of the committee of MP's who will investigate them)!
Corrupt capitalism has triumphed over Democracy ... and made a mockery of our 'democracy' once again!
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
Napoleon Bonaparte, 1815