Credit Crisis Is A Good Thing!

Economic darwinism - only the most credit worthy individuals and institutions will survive.  Bad businesses and people who can't control their spending will fall by the wayside.

Redistribution of wealth is a good thing, dispersing high concentrations of capital into low density businesses in an economic osmosis, trickling down to the low and mid end sectors that provide services beneficial to the local populace.  In a housing collapse, the wealth goes from real estate speculators to construction companies.  In a tech bust, the wealth goes from VCs to office space and services.  Economic downturns support the middle men who make society possible.