While Greenspan certainly did his part to inflate the housing bubble, he had little to do with the incredible slowness that Bernanke had recognizing the problem

While Greenspan certainly did his part to inflate the housing bubble, he had little to do with the incredible slowness that Bernanke had recognizing the problem. For example: Bernanke: There's No Housing Bubble to Go Bust (2005) http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html http://www.washingtonpost.com/wp-dyn/content/article/2005/10... (2007 Testimony) "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained." http://www.federalreserve.gov/newsevents/testimony/bernanke20070328a.htm http://www.federalreserve.gov/newsevents/testimony/bernanke2...