[sokoloff]

Banks make a lot of money (averaging a bit over 12¢ per dollar lent) on credit cards. It would likely be overall disadvantageous for them to pull people out of credit card debt, out of debt in general, and to eliminate overdraft situations.

[nunez]

Credit card companies make a ton of money on credit cards. Consumer banks are different, and not all banks offer credit cards.

[pixl97]

Well, that is unless the credit card bubble pops. Think there is a few trillion tied up in that.

No one is mentioning the insane debt levels we are currently holding in this country at every level in this thread.