They'll learn, but what... They will work in banks, write code using their proprietary frameworks, and be forced to comply with strict coding guidelines, never experimenting, testing the limits of the code, etc... They might even hate coding.

True, I can't really speak from experience, as I've learnt to code by myself, from a young age, I wasn't forced or urged to do it, so I have no idea what happens with people that have to learn to program as part of their education/job. However, the professor that was teaching us, who has apparently worked in the industry as well, seemed... limited - mentally - thinking inside the box. That, or he was a very good teacher, taking it very slowly, and boring the hell out of me.