NEW ORLEANS (AP) — Newt Gingrich’s view on how to deal with the current economic crisis: “Replace the bailout with bankruptcy, for all of them.” The former House speaker spoke Tuesday to the Tulane University political science class taught by consultant James Carville. Gingrich said that allowing major financial institutions to fail today would cause a substantial financial stock, but the country would begin recovering after 60 to 90 days. Gingrich criticized bailouts that began under President Bush and continue under President Obama.