subprime mortgage news

i am really surprised at the regulatory pushback or at least the call for it by a ton of unsophisticated senators and non market participants.  This is not the first time risk was mis-priced by the street. (I am not talking about fraud - those cases are different).  I am tired of hearing about unsophisticated borrowers, what does this even mean??  At one point are all US citizens going to be completely unaccountable for the decisions and choices they make.  This is not a hard one.  Unsophisticated borrower is way to nice of a term.  I believe negligently dumb is more appropriate, its like crossing the street when the signal is red.  Investors who bought in are just as dumb, there has been and will be ongoing an enormous market correction which is very understandable.  Let the market calibrate itself - government should stay out!!!!