Congress forced banks to give such people mortgages, so why not credit cards too, I suppose.
What I'm saying is that many of our recent problems were the result of banks giving loans to people who should never have been loaned money.
Many loans were given because the government forced banks to loan the money, many of the loans were given because the banks believed they could make money on the interest, many loans were given because loan officers had bonus quotas to meet and didn't really care how the loan performed. But, regardless of the reason behind the making the loans, these were loans that the bank NEVER should have made.