Treasurer Bill Lockyer says Newt Gingrich proposal to let states file for bankruptcy "cynical" and "intended to incite panic"California Treasurer Bill Lockyer had a message this morning for former House Speaker Newt Gingrich, who on Friday announced that Republicans will be pursuing legislation that would allow states to file for bankruptcy: Back off. (And for the record, California is not the only state that had this response. Looks like the Golden State and the Lone Star state do agree on at least one thing.) "This is a cynical proposal intended to incite a panicked response to a phony crisis," he...