Credit cards, charge offs, and bailouts

The credit card companies started to cut credit limits, increase rates, and cancelling cards. Along the way, they started raising the minimum monthly payments from 2.5 to 5%. The result of course is higher rates of charge offs and credit card companies and banks asking for bailouts. What do they expect when they set themselves up for failure. Just say no to bailouts! NEW YORK, June 24 (Reuters) - The U.S. monthly credit card chargeoff rate surpassed 10 percent and hit a sixth straig