I can not help but recoil at Chris Dodd’s hypocrisy at demanding the firing of GM’s president.

Chris Dodd was and is Chairman of the Senate Banking, Housing, and Urban Affairs Committee which was responsible for the oversight of Fannie Mae during its implosion and was the largest recipient of campaign funds from Fannie. Obama was the second largest recipient.

If we really want to restore confidence in the financial system we should remove both Dodd and Barney Franks from their positions where they denied the existence of problems at Fannie when facing warnings from Greenspan and others at the capital.

Don’t hold your breath.

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