Writes Ben Schroeder: "Just caught Jim 'Madman' Cramer on Hardball. He seemed relieved at the prospect that the Fed will act appropriately in response to the recent turmoil on Wall Street, sounding quite confident that he will get the rate cut he was asking (no, screaming) for earlier.

"Without flinching, however, both he and Chris Matthews seemed astonished that so many people have been taking out mortgages at historic low (and adjustable) rates for the past couple of years. How could this have possibly happened, they asked? They didn't seem to have an answer. But their solution? Obviously, someone should regulate these reckless mortgage companies a little more. And hey, let's keep those rates down, too!"