How else would you characterize the actions of Greenspan then ?…..He is much too smart to get tripped up by incompetence, he is much too shrewd to NOT see the repercussions of his actions/inactions…..So it opens the door to a "planned" meltdown then doesnt it ?
I think if you look at his education and positions he's held in his past you'd see he's no fool….So why did he allow this to happen ??
As usual, they is SO much more than we will ever know……But idiocy on his part is NOT the case…