“Remember when the Bush administration was trying to strengthen regulation of Fannie and Freddie, a move that just might have prevented the worst of the housing market crash? “
It wouldn’t have prevented the worst of the crash, the most extreme lending and all of the derivatives came from investment banks and hedge funds, not Fannie and Freddie.
IIRC the Bush administration was only trying to reduce the leverage that F&F were using, but most all financial firms were dangerously leveraged during the bubble.
Neither here nor there to the point that Gingrich was opposing a GOP President’s reform of the GSEs. That’s an indefensible position for a conservative.