Then we listen to different people, and the ones I hear (from UnivMaryland & ColumbiaUniv especially) say this is all reaction without common sense.

Perhaps the difference in opinion comes from who will make money out of the "sugar daddy" bailout and who won't. Listening to folk with a vested interest for a cash infusion is like believing the used car sales who says, "Trust me, this is a great car and a steal at this price!"