Deception and Cover-up at the FED?

``Greenspan lied that they could not recognize a bubble in advance. They did recognize it and even compared it to the South Sea Bubble and they purposefully let it continue because it was adding to household demand... This transcript shows that the FED can not even manage the multi-billion dollar ESF fund, how can they be trusted to run a multi-trillion dollar bail-out operation as was instigated in 2008? The answer is we can’t...''