Regulations aren't binary. Some good, some bad, but not binary.

But thanks to the regulations Madoff only hit people who could afford to lose it, not those for whom who losing the money would force them onto the streets.

Thanks to the regulations, there were suckers who assumed that someone else was ensuring things were copacetic. Foxes hunt in the chicken coop if one is available, and wolves go for the sheep pen if they can find one.