The whitespace is missing in the output of sh run. These devices currently do not have any AAA really configured. There's a telnet password and an enable password and that's it.
I am an encountering a similar situation, especially with new version on IOS on 2960G and 3560v2 switches. I have a banner with portions that are centered appropriately, along with blank lines betweensections, however when it comes up on the screen, ...