Fed Up: Ron Paul and Newt Gingrich vs. Mitt Romney and Herman Cain

Two GOP businessmen -- Mitt Romney and Herman Cain -- defended the controversial bailouts of key financial institutions while two politicians -- Newt Gingrich and Ron Paul -- assailed the move.

"[Former Treasury Secretary] Henry Paulson and Tim Geithner didn't have a clue," Gingrich said Tuesday night at the Bloomberg debate in New Hampshire. "Congress should insist that every Fed document from 2007 to 2009 be released. We are not any better prepared today [to deal with economic problems], because the people who were in that crisis are still in charge."

Paul, a Texas congressman and unstinting critic of the Fed, declared that "tinkering with the current [financial] system won't work."