There's too much to explain about why it's complete garbage, but just one example in particular involves transaction validator nodes.  In the base bitcoin model this is going to be the miners and the miners are required to compete in terms of economic soundness and efficiency in their operation.  Since the state is the bankers, they can then implement huge red tape and regulation, killing off any 'hobby' miners or really any competitors in general except themselves.

So it's pretty easy for the banks to completely control bitcoin already as is with blacklists and everything else, turning into a complete dystopia, but they do have at least some small inconveniences in their way.  With Lightning Network, there IS NO hashing for them to do, they can simply regulate everyone else out of existence with red tape, then they control ALL Lightning router nodes and collect their vampiric usury fees off every transaction with no skin in the game.  In other words, there's ZERO difference between that and current banking.  Banks collect infinite interest by taking a cut of every transaction with no skin in the game and own the planet.