inBOIL

Many of the credit card companies will find themselves without responsible customers because of this. They put themselves in this position by replacing regular fees with penalties (a good marketing practice if you assume that the economy will stay strong). That required them to gain a larger share of their income from people who acted irresponsibly, which required them to shift some of that debt onto responsible customers when the economy went in the toilet.

If they had stayed with regular fees, they still would have taken a hit from the economy, but they wouldn't have lost as much money to people who couldn't afford to pay them back. Of course, once the first big company does away with regular fees, it's hard to compete if you don't follow suit.

__________________
And you believe Bush and the liberals and divorced parents and gays and blacks and the Christian right and fossil fuels and Xbox are all to blame, meanwhile you yourselves create an ad where your kid hits you in the head with a baseball and you don't understand the message that the problem is you.