Actually a company having the power to exclusively pre-mine a currency and then "lend it" to people is a indeed a big problem, it solves NOTHING and only creates another debt-based economy and only benefits the very few who own ripple.
Ripple just fuels to cycle of crony capitalism (which is why banks are loving it). Bitcoin on the other hand creates real free markets where you actually own your money/savings and every individual has a chance to prosper, depending on how much risk and work each individual decides to take.
Ripple and XRP for that matter, is actually NOTHING like our current "debt based" system. In order to have a "debt based" system, the currency would have to be created using...wait for it...debt. USD for instance, enters the monetary system as debt. No such debt exists in Ripple, as it relates to XRP, thus XRP is an asset on the balance sheet of anyone who holds it. Which in turn means the rest of your rant is poo poo.
Banks love it because it's a payment network that is leaps and bounds ahead of Bitcoin and certainly their own. Ripple is also not just a single currency like Bitcoin, which by itself does little to solve our monetary problems, other than allowing people to bypass government fiat. It still leaves the current system intact. Regulators like Ripple because it's designed to be transparent, so tracking transactions is significantly easier.
Typically, the only people intimidated by Ripple, are those who don't understand Ripple and often only care about the value of their Bitcoin being negatively affected, not the bigger picture of solving our global monetary challenges. I personally think Ripple is going to have a positive effect on BTC values by allowing off blockchain transactions in mass, but when it comes down to it, who really cares what you think?
A myth about BTC is that it is untraceable and being anonymous. It might have been but as BTC is coming closer and closer to the mass, it is getting more and more traceable. Nowadays every exchange system demands accounts to be verified. See also: http://bitcoin.org/en/faq#is-bitcoin-anonymous or to summarize
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The use of Bitcoin leaves extensive public records.