The major American banks, having received hundreds of billions of dollars from the US taxpayer, have yet to humble itself in the face of the damage their collective hubris caused. Instead of taking at least partial responsibility for irresponsible lending practices, the major banks embarked on a lobbying campaign, gleefully supported by the moral right, placed full blame on irresponsible borrowers. Instead of reworking mortgages at the risk of defaulting, the banks chose to a journey of massive foreclosure, which in turn sowed devastation on the world economy. Now, having been bailed out, instead of showing gratitude for the generosity of the taxpayer, the banks are using their taxpayer sponsored funds to lobby against fairer credit card lending rules, e.g. forbidding the spontaneous escalation of the APR by integer multiples - and again with the support of the right. The absurdity is worthy of Camus.