Thanks for the fatherly words of wisdom, but my point is: Western culture is dependent upon credit and the philosphy of live for today. An element of the solution to the present economic crisis is for people to make purchases, and people will not do that whilst card interest rates are unrealistically high. If the rates are brought down the public will again spend money, and eventually the tide will/may turn.
The oil/petrol companies eventually towed the line under govt pressure, and IMHO this should be extended to the financial sector.