Steve's Barking about Credit Cards

Be it from me to tell a business how to run it's business but after the mortgage fiasco, why do some of those same banks increase their interest rates on credit cards to there customers. What's going to happen is the customers are going to default on their debt. Not spend so much, depriving the company of taking their cut on the spending of the customer from vendor.  If there isn't collusion between credit cards then those who keep their rates down and don't charge a fee should be making out like bandits. That's the way we Americans have been taken for granted the way the free market is suppose to work.
 If I was an owner of bank stocks or a company that makes money from credit cards that are trying to gouge it's customers I would sell, sell and sell again ( I believe they call that going short). 
 Those banks will of cause  have to give those  million dollar bonuses to those who thought this up in order to hold on to them, after all they made paper millions the first  months of these brilliant idea. You wouldn't want them to spread their brilliance to other financial institutions especially overseas.