On credit card interest rates:
In the meantime they ignore the real issue of incidence concerning banks – which is that the cost of rebuilding their balance sheets is falling on these least able to pay.
The time for regulation of interest rates has arrived, and is long overdue.
So, both banks and governments underprice risk in the past, leading to the system nearly falling over. Now that risk is being priced more appropriately, this is also wrong.
And, of course, government must have more power.