Dynamic Controller Creation in Rails

I have overrode Rails' ActionDispatch::Routing::RouteSet::Dispatcher.controller_reference method to check if a controller exists by checking for the required constants and then creating them based upon a controller with the same name in the Generic namespace.

The problem w/ my code is that it is using begin/rescue, it won't work w/ deeply namespaced controllers, and it's rather verbose.

Can anyone provide some improvements to this code?

class ActionDispatch::Routing::RouteSet::Dispatcher

  private

  def controller_reference(controller_param)
    const_name = @controller_class_names[controller_param] ||= "#{controller_param.camelize}Controller"

    obj = Object
    const_name.split('::').each do |cn|
      begin
        obj =  obj.const_get(cn)
      rescue
        if obj == Object
          obj =  obj.const_set(cn, Class.new(ApplicationController))
        else
          puts "Creating #{obj}::#{cn} based on Generic::#{cn}"
          obj =  obj.const_set(cn, Class.new("Generic::#{cn}".constantize))
        end
      end
    end

    ActiveSupport::Dependencies.constantize(const_name)
  end

end