Who Killed the Economy

You think you saw everything. Then some day you see some even more stupid. Here for example today in Yahoo finance I saw following:

Who Killed the Economy? Greenspan Leads Portfolio.com's Blame Game
http://finance.yahoo.com/tech-ticker/article/32549/Who-Killed-the-Economy-Greenspan-Leads-Portfolio.com

Results may be seen here:
http://www.portfolio.com/interactive-features/2008/06/Who-Killed-The-Economy

So where the blame is properly assign? To Sir Alan Greenspan - same Greenspan, who drove the rates from 6-7% down to almost zero. Same person who made money "free"

Wall Street applaud him before, they proclaim his to be the God, the Savior of US economy. Btw, same story for Greenspan successor – Dr.Bernanke.

Sure the boom phase was pleasant - everyone made money on the Street, all assets, including the small houses raised in price. People became rich. Everybody benefits. Nobody paid.

However, much like if you go to a restaurant, a moment come when the waiter comes with the bill. The bill comes as "the housing crunch".

The bill must be paid somehow. However, the people who proclaim Greenspan as god now do not want to pay.

The Main Street will pay as usual. They always do.