[From One - Many]

Why would I not be surprised if these credit cards were being insured by 'we' taxpayers, courtesy of our congress?
I don't know this to be fact, but I wouldn't be surprised.

[highball]

Why would I not be surprised if these credit cards were being insured by 'we' taxpayers, courtesy of our congress?
I don't know this to be fact, but I wouldn't be surprised.

Must be.

I was wondering why any for-profit institution, with shareholders to which it must answer, would do something so stupid. No credit history? No way to track cardholders and no way of holding them accountable? What halfway rational bank would extend them credit?

Your answer makes sense.