Greenspan was involved with hearings AND private meetings with members of congress to push through the risk management models (which many in congress did not fully understand....so some were conned into a false reality) and banking deregulations which brings us to our current financial destruction. I do agree that many in congress were very favorable to the deregulation of banking at the time, so you have some good points.Quote from Capablanca:
Greenspan lent credence to the lobbyists but it was the congressmen themselves who were in favor of the deregulation. No con was involved except maybe to the American people.