> The people who are getting screwed are the ones who bought sensible mortgages, who didn't borrow to the hilt off it to buy cars and TVs..."

To my knowledge, they are the ONLY ones who are still OK. Unless they've taken a hit on their retirement funds or investments. Almost everyone I know is in some type of financial crisis now. Everyone's looking to downsize, refinance or sell out. Some are going bankrupt, some are getting laid off, (me included.)
How are the banks going to fill thouse empty houses that have been foreclosed?
If something isn't done, you'll have squatters and the homeless in them.

>"haven't you noticed that it's the screwups getting all the goodies? On the top end of the income scale?"

You mean Paulson, Bernake, and their CEO buddies?
THOSE ones? In that case I would agree.