Про социалистическое спасение капитализма...

[vit_r]

On greed, let me repeat: If unusually many airplanes crash during a given week, do you blame gravity? No. Greed, like gravity, is a constant. It can’t explain why the number of crashes is higher than usual. And let me add: This isn’t a morality play. What we’re seeing are the consequences of monetary-policy distortions of interest rates and regulatory distortions of incentives, amplified in some degree by private imprudence, not the consequences of blackheartedness.

On Paul Krugman’s take on the possible rescue plan

Over the entire history of human finance, the underlying premise of all credit transactions -- loans, mortgages, and all debt instrument -- has been the borrower's ability to repay.
...
From 1 million B.C. up until the present, repayment ability was the dominant factor.
That may sound simple, but it becomes even more stark when viewed over a time line.

<-1 million B.C. --------------------------- 2002-07 ---2008->

Except for that 5 year period, the entire history of human finance was rather reasonable about the basis for making loans in general, and extending mortgage loans in particular.

The Underlying Basis of Finance & Credit