Suze Orman Said Credit Card Companies Are Being Stupid By Not Negotiating

I was watching the Suze Orman Show from Sat Jan 3rd. She commented that the credit card companies are being stupid by not negotiating with people who are behind on their payments. She said by not negotiating and raising interest rates to 29 to 32% and insisting they pay off the debt within 5 years is going to force people to file bankruptcy and you will start to see many credit card companies fail like the mortgage banks did in 2008.