If the goal of the Credit Industry is to make borrowers default (thus lowering their credit rating) just so the lender can collect more fees to boost revenues, how does a consumer work to improve their credit rating?
And if more borrowers' credit ratings are falling, how are lenders going to find new burrowers to bilch?
And if consumers wisen up and stop borrowing from assbackwards lenders (read: pretty much every lender), where does that leave the Credit Industry?
Maybe, just maybe, it's time to reasses this Credit Industry. The CARD act from last year was great, but when the ultimate result was more consumers getting the raw end of a dull stick, perhaps we should realize that magical "market forces" don't always work.
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