No one argues for unregulated markets.
Reasonable regulation, built on experience, is all that people ask for and all that is needed.
Forcing companies to provide mortgages to people who are patently unqualified is an example of unreasonable regulations that resulted in untold devastation to the economy.
Now, the Feds are going around telling banks that these businesses are "bad" and that if they provide service to them, they'll be audited from top to bottom. It is a defacto suppression of Free Enterprise based on a political viewpoint.
And for those of you that would say this is a good thing, what would you say when at some point, abortion providers suddenly become "bad" businesses?
People like Waxman and others would love for us to have a Command Economy, if not literally, at least virtually. Since that is fundamentally immoral and 100% incompatible with our Constitution and the laws which flow from it, they are trying an end run around the issue with targeted regulations designed not to protect the consumers, but to encourage/discourage businesses to achieve the same results.