Regulation- the answer or the problem?

This is an even handed article in WSJ today mostly on regulation and the oil spill but also mentions the financial "reform" regulation bill in Congress. As has been said, we have the best government that (the lobbyist) money can buy. Over 1400 former Congressional aides and members themselves are involved in lobbying the current financial regulation legislation. Any wonder the mire just gets thicker. The article makes a very prescient point about the sheer complexity of the regulations and laws (particularly those in the past year or so- mostly 2000 page monsters) and how this works at cross purposes.