Actually not. Of course, the profligate, the spendtrift, and the deadbeat – individuals and companies – can’t get a loan, but that is the way it should be. The boom years of easy money stimulated far too much borrowing by marginal borrowers or worse. The reversal of that Fed-engineered trend is a very good thing. But for the prudent and successful, there is no credit crisis. (Thanks to Steve Bartin)