Got that? The President who blamed banks on the Great Recession is urging the same banks to give out money to people with shit credit. Of course, that's older news (that particular one is from April 2013) but guess what banks are doing? Credit-Card Lenders Pursue Riskier Borrowers - WSJ YAY! It worked! The Great Recession doesn't happen with this strategy, so let's do it again and blame banks again! Lenders are courting risky credit-card borrowers more aggressively than they have since the financial crisis in a bid to jolt revenue in a period of sluggish growth and tight regulation. Banks and other lenders issued 3.7 million credit cards to so-called subprime borrowers during the first quarter, a 39% jump from a year earlier and the most since 2008, according to data provided exclusively to The Wall Street Journal by credit bureau About one-third of all credit cards issued in that period were to subprime customers, the biggest share in six years, according to Equifax. The poor credit holders have higher interest rates, folks, banks's goal is to make money while minimizing risk. The average rate for such customers was 21.1% in the first quarter, up from 20.2% a year earlier, according to research firm CardHub.com. In contrast, the highest-quality borrowers paid 12.9% on average in the first quarter, virtually unchanged from a year earlier.