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One thing that really bothers me about this discussion is that it seems to be assumed that creditors have no right to compain about bankruptcies when they charge such high interest rates, or when they loan to those with questionable credit.

First of all, do we compain about Coca-Cola having an 80% profit margin? That must seem ungodly next to a meager 18% or so profit margin (about 20% APR) that credit card companies get. In another conrast, credit card companies get an average net margin of about 3% or so on the bottom line. That must make Coca-cola a horrible evil entity with their 20% or bottom line. I don't see anyone trying to put a cap on how much money they can make.

Just in case you're about to make the leap that Coca-cola never casued a consumer to go bankrupt, consider any other example. How about clothes... How about cars... computers... all the things we put on our credit cards. They all have higher profit margins than the margin the credit card company makes. Why does the credit card company get dubbed as the vilin?

Why do we want to punish credit card companies as beng the worst capitalists in the country?

If you want to find ways to help people get off of leaning to heavily on credit, I'm all for that. Let's just not place all the blame on creditors. I would rather focus the discussion on what to do when you find yourself with credit problems.

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