Why is government regulation so good at killing jobs and increasing poverty?

Keep believing the recession had nothing to do with the fact that our Government ignored the practices of Financial Institutions in the U.S.. There is a reason Canada got off "light" compared to the U.S. People are required by law to put a substantial amount of money "down" when they purchase a home and they are required to buy "insurance" that covers the chance they are unable to pay their mortgage.