Money IS now being hoarding regardless of how poorly credit was over extended in the past.
Seems a bit garbled.
Once upon a time, hoarding cash or gold meant keeping it under your mattress or in a vault (and not the bank's vault), and the term hoarding also implied storing way more than you would ever use. Today, having it in a bank account where it is used to fund loans is considered hoarding, which is pretty ridiculous.
Money isn't being hoarded in the old style, it's just been moved to low risk positions. One of the reasons to do so is that it is available to meet expenses when income falls, which is a pretty high risk for a lot of folks these days.
Don't let the left control the language, what intelligent folks are doing now is NOT hoarding.
Well, I'd like to have a hoard of gold, but that much gold is not in the budget, and my name is not Smaug.