And in some ways you might say some of the impacts are even more unfortunate -- families who lose slots in Head Start, or families who experience layoffs or furloughs around the country.

WHITEHOUSE: Press Briefing

"I feel that we are fortunate that even more injuries were not the result of this very tragic and unfortunate accident, " said U.S. Sen.

WSJ: Probe into Conn. train crash giving way to cleanup

Senators on Capitol Hill Thursday heard testimony from financial regulators, mortgage lenders and even a few unfortunate borrowers in what appears to be an effort to stoke more regulatory oversight of the mortgage markets rather than legislation.

FORBES: Subprimes: Regulation Not Legislation