How many decades had Fannie & Freddie worked as planned until Congress got stupid?
I think the underlying issue (at least for me) is why the government was involved in this to begin with. I don't fault Newt for working for them. It's a job, and I probably wouldn't turn down >$1m as a historian, or whatever he's saying he was. But praising the business model is something he will have to thoroughly explain. I'm not saying he can't explain it well enough for me, but so far he hasn't.