Nate, when I hear the words paradigm change then I usually try to listen hard and do the opposite:-) In this case I would completely agree with you, we need less leverage and financial institutions to be far more responsible.

The problem is being SMART and avoiding the unintended consequences especially when we can't sit back and wait months. A small example, how about preventing foreclosures and not throwing people out on the street? sounds good like apple pie but could it lead to more people giving up on their mortgages? if i had a mortgage and was struggling then i would be tempted as i understand that in the US you can walk away from a mortgage.

As to rabbits, yes no end to what can be dreamt up.