red sox. some people are paid to do this. they're supposed to be doing it well. that's the role the federal reserve is supposed to be playing and they didn't do it. >> suarez: thiswas not only the cusp of the housing crisis. it was also the cusp between the greenspan era and the bernanke era. alan greenspan presided over the first meeting of the year. now secretary tim geithner, then the head of the federal reserve bank of new york said into the record, i'd like the record to show i think you're pretty terrific, too, and thinking in terms of probability, i think the risk that we decide in the future that you have been even better than we think is higher than the alternative." the greenspan reputation has not matched geithner's predictions,s that. >> no, there are many people who subscribe to that view at this point. this was a remarkable sendoff for a man who was regarded as the iconic central banker, the person who played that role better than maybe anyone else ever had. he guided the economy through almost two decades of fairly steady growth. people thought the economy was ill on an upward trajectory at that point and his colleagues praised him to the sky. one