The “rent is too damn high” and so are credit card rates.
Traditionally the source of credit for new and small businesses, credit card rates are much too high.
10-year Treasuries at 2% and credit card rates still 12% to 25% is plain crazy and a license to steal. Make it more difficult or nearly impossible to discharge credit card debts in bankruptcy if need be, and lower the rates. This single factor is prolonging deleveraging (for those that did not get billion dollar Fed bail-outs) and dragging down the overall economy as a result.
The peer-to-peer Internet leanding sites might come to the rescue and dis-intermediate the banks in the process. They deserve what’s coming anyway.