It's actually a pessimistic outlook, if that's not what you meant.  Things are so bad now because of the banking shenanigans that those of us who could  be helped by credit are pretty much denied it already, individuals as well as businesses, and we have gone to other non-bank sources of credit or adjusted our spending to accommodate less access.  So if the banks reduce lending now for whatever reason, its affect on us will be less because new lending is so low already.  There really has never been a more painless time to jettison the present banking system altogether if there were ever enough support for doing it.