[Pelham]

Gingrich could well have been one of the unnamed “supporters” who defeated the effort for more oversight of the GSEs:

“At the time, the companies and their allies beat back efforts for tougher oversight by the Treasury Department, the Federal Deposit Insurance Corporation or the Federal Reserve. Supporters of the companies said efforts to regulate the lenders tightly under those agencies might diminish their ability to finance loans for lower-income families. This year, however, the chances of passing legislation to tighten the oversight are better than in the past.”

The article is one you would be interested in:

Bush, McCain Tried To Reform Freddie Mac

http://sweetness-light.com/archive/bush-mccain-tried-to-reform-housing-finance

[fightinJAG]

John Sununu made that claim directly, HERE.

Thanks for the link.

I'm not suggesting that we can't "work" with a President Gingrich. But acting as though he's God's gift to conservatism is going to lead to a whole lot of trouble.

If/since he's all we've got, better to accept the reality of who Newt is NOW.