I agree. The people in trouble right now because of job losses will still be in that kind of trouble, I expect a goodly number of them to file bankruptcy since the job market will not come back even if the economy recovers a bit.
Credit card companies will just try to make money by screwing over their "good" customers with annual fees, dumping of rewards, and higher interest rates. Those customers are smart enough to tell them where to stick it.
Credit card issuers should be about the place where GM and Chrysler are now, in about a year.
” I expect a goodly number of them to file bankruptcy “
Bankruptcy no longer gets out of CC debt, you still have to pay it off!