Credit Crunch Or Just Not Credit-Worthy?

Is there a credit crunch? Are banks just refusing to lend and “sitting on the money?”
I don’t see it. I think lenders are actually looking for people they can loan to — that’s how they make their money. I think that any “credit-worthy” borrower can get a loan.
The problem is there are too few credit-worthy borrowers. This means businesses and people with collateral, cash flow and good credit ratings.
The problem is that everyone took on so much debt that they are over their heads now, and are very risky loan prospects. Would YOU loan money to someone who isn’t all that likely to pay you back?