What no one says, or dares say, is that the vast overweening government "regulators" are being invented because of one trait -- the American propensity for dishonesty, be it banker, broker, mortgager, or the recipient of any of their ministrations.
The one cure for what ails us is simple -- honesty. Its lack has plunged us into recession and there isn't a big enough watchdog anywhere on the White House lawn to bring the matter to bay.