If you read the comments on news sites or social media, you have no one to blame but yourself for your lost time and IQ points. 

Having wasted plenty of both, I can report that one of the most common refrains in any business story is someone trolling off on how there needs to be even more regulation of banks, nonbanks, asset managers, traders, securities dealers, mortgage servicers, mortgage lenders, and everyone else who deals in dirty old money and profit-seeking.

And that's just what you hear from the "journalists" at Business Insider.

Anyway, here's the reality. This chart, courtesy Citi (C) shows you the entire regulatory ecosystem for investment and asset managers.

They have to deal with this every day. Without throat punching anyone.