Alan Greenspan and the Stock Bubble

The biggest sin that the Greenspan sainthood proponents must sweep under the rug is his failure to do anything about the stock market bubble. There are 3 questions here that the critics and worshippers must address:

1) Could it have been recognized?
2) Did it actually do the economy serious harm?
3) What could have been done?

These questions are loosely touched on by a worshipper�s ((Daniel Drezner) review of a critic�s (Peter Hartcher) book in the Post book review section. The worshipper comes up seriously short in his assessment.