Alan Greenspan and the Financial meltdown

I realize some in the media have given at least some blame to Alan Greenspan for the financial meltdown. However, has the media given the American people the full story of how much Alan Greenspan may have had to do with the financial meltdown? It seems to me that the media has mainly faulted Greenspan for not realizing their was a housing bubble and not doing anything to ease the bubble. They seem to have not discussed Greenspan encouraging some of the actions that took place in the years before the meltdown.

I have been the book The Two Trillion Dollar Meltdown , by Charles Morris. In chapter 4 of that book, which is entitled A Wall of Money, Morris discusses Greenspan's actions in the leadup to the financial meltdown. One specific action Morris points out is that Greenspan encouraged people to take out Adjustable Rate Mortgages (ARMs) instead of going for long term-fixed rate mortgages. Morris wrote,

"As always, Greenspan cheered it on. In 2004, when famillies had a historic chance to lock in long-term fixed-rate mortgages at only 5.5 percent, Greenspan said they were losing "tens of thousands of dollars" by not grabbing one-year ARMs, then at teaser rates of only 3.25 percent."

So, has the media discussed any of this? I am not asking this because I do not watch the news; I do. I am wondering if anyone has seen something I have not seen.

Just One Guy to blame it on, but it's far more complicated than that. Given the number of people involved we might be able to assign a large percentage of blame on him, say, one hundredth of one percent.

as informing a public objectively, so you're not missing much there.

For more unique sources, you might check out OPB, there was a Frontline about Brooksley Born and her attempts to bring problems to light during her short lived tenure as original chief of the CFTC in the Clinton era.

Others:
Pro Publica
Center for Responsible Lending
The Sunlight Foundation

His legacy is damage, no matter how many soft spoken and stunned speeches he spins can change that now.

I did watch the Frontline show on Brooksley Born. Thanks for the information.

"personal responsibility" is actually a code phrase to blame black people for everything but that is another story

Greenspan was exhulted as the most awesome Master of the Universe EVER and suddenly no one wants to talk about him ZZZZzzzzzzzzzzzzzzziiippp gone *poof* he disappeared.

which was, in essence, a scam perpetrated by BushCo and Big Finance. That's when all these exotic mortgage vehicles began appearing.