FLASHPOINT for Sep 30, 2007

Sunday, Sept. 30, 2007 | 6:59 a.m.

Caught in an exaggeration - or, perhaps, a lie - the Gibbons administration has moved swiftly to shore up a mortgage lending summit slated for Thursday. The summit will come two weeks after Gov. Jim Gibbons declared he "will be joined by principals" from the top five lenders. But the governor's folks couldn't come up with any lenders until Friday. Then this from Gibbons: "While I cannot promise that we will immediately have a plan that will solve 100 percent of the problem, I can promise that I will work with these lenders ... to find ways to address this ... issue using private market solutions." Private market solutions? After the heavy hand of the governor comes down? A Republican governor, dare I remind people?

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