Simple solution -- enact variable federal credit card usury rate laws. 12 points over the published prime rate or LIBOR?

"Conscionable Rate Lending Act"

Of course, this is not going to happen any time soon in America -- we let almost anyone have a loaded rifle or shotgun so why shouldn't everyone have a credit card?

There is no risk when the government will bail your bank out because your high rate credit card portfolio had too high of a default rate -- you are too big to fail. There needs to be idiot control in this world. Without that, we will never get out of the mess we are in and are only destined toward a bigger mess in the future.

Also, I can't afford the chargeback rates these "risky high rate" credit cards are bound to produce.