Marco,
I see what you mean, but the term 'credit crunch' alludes to the problem where many people are unable to obtain credit. In some cases this may be a good thing.
IMHO the main problem with the credit crunch is where it is impossible for some people to obtain mortgages (particularly first time buyers), this could have a massive knock on effect on the the housing market. In fact it is already happening with property values falling all over the place, which ironically should benefit the first time buyers, except they can't get a mortgage!
But why have non of these high ranking bank executives been kicked up the arse? Why do they still get bonuses that make many peoples lifetime income look pathetic?... If it were up to me (and I'm sure Jeremy Clarkson would agree here) they should be 'shot in the face'!
It's all a bit daft if you ask me.