Beginner's Series: Playing In Loose NL Games - Lend Your Expertise

[SkippingGoat]

While there is substantial literature on playing in loose limit games (Sklansky, Miller, Jones, et al.), there seems to be next to nothing in print about playing in loose NL games beyond the stock warnings regarding getting "tricky" with fish. Some advise tightening up and aggressively playing only very strong hands. Others argue that when opponents are playing very poor values, your standards can drop as well.

Should calling standards drop? Consider the following scenario: Betty McBettorson is sitting to your right and raises to 7xBB roughly every third hand. You pick up AJo in middle position and Betty raises the pot to 7xBB as Betty is wont to do. Against a tough opponent this is a relatively easy laydown. How do you play here?
What if Betty is sitting to your left and you have AJo. You've been limping hands like this all session but have then been forced to fold after Betty raises to 7xBB. How should you play this hand?

Should raising standards drop? If players are willing to call hands such a AT-6, and JK-T to a raise should one raise with AJo given a few limpers ahead of you or are you just trapping yourself?

Against players that will play any two cards (and do), do you tend to play more cautiously post-flop or more aggressively (or some combination of the two)?

etc.

Hopefully everyone can contribute their thoughts on how to play LAGs, calling stations, maniacs, and at tables that contain a cast of these characters. What strategies work best for you?

Hopefully this can be an interesting discussion since this seems to often be a subject of inquiry but rarely one of substantive discussion.