Reply #22: Not being able to charge rates of over 15% constitutes "theft" in your world?

[brentspeak]

Despite all the hundreds of billions of dollars in revenue banks have generated for themselves by slapping 20-30-40% interest rates on their customers, how come banks aren't extending credit to anyone?

Point us to data which correlates usurious interest rates and subsequent extension of credit "to those who might need it most". Point us to information which proves that even at least, say, 15% of all cardholders now saddled with high interest rates on their debt accumulated that debt by purchase of non-essential goods or services.