The Fed is evil, but only because it causes inflation. The bust occurs because everyone who wants the colossal burden of a loan, has one, OK? After the last sucker jumps into the inflated market, the balloon deflates leaving them all with loans and poor collateral. The Fed knows what happens, so causes it, but the sickness is actually all the loans which become millstones and fool other people into saving in pension funds, OK? How much are those funds worth?
Busts are always inevitable. Deflation is the natural order and is good, unless you have a loan to repay!