You seem to be contradicting the point of the doctor and making my point. It was actually government intervention by artificially depressing interest rates that has led to this min-disaster!

no one is regulating/overseeing the fed. the fed is not the government although they may have influence with and may be influenced by. they are a supreme agency in this country.

you accept that the fed’s actions have a part in the housing bubble. you believe that the bubble is bad. knowing now that the fed are not regulated and that their unregulated actions have had dire consequences, you must accept that regulation is necessary.