Well there are a lot of things that actually contributed to the meltdown. I was on the inside and saw first hand how it got out of control. My "side job"....
Everyone is to blame, from Greenspan down to Joe Blow and his wife for signing the loan docs... and everyone in between too...
Ever notice how everyone looks away when everyone is making money... homeowners, realtors, mortgage brokers, banks, investment houses..... but when the shit hits the fan everyone wants ONE entity to take it up the ass, well sorry but in this case its is eveeryones fault.
FYI- it started when Greenspan back in 2000 wanted to "cure" the tech bubble by making money easier for banks to borrow from the FED... I don't think he had a clue as to what was going to happen..
