CHRIS DODD UPDATE: Senator opens mouth, inserts foot:

Sen. Christopher Dodd, chairman of the Senate Committee on Banking, Housing and Urban Affairs, suggested on CBS’ “Face the Nation” that Rick Wagoner, the chief executive of GM, “has to move on.”

Where does Dodd get the temerity to make such a proposition in light of his own incompetence and scandal? Dodd is in charge of the committee that could have kept us from entering the current credit crisis. He’s the same man who is in charge of regulating Fannie Mae and Freddie Mac, and is No. 1 on their list of donations. . . .

Dodd also received preferential loans from Countrywide Mortgage Bank, and then said he wasn’t aware that he was getting a “special” deal. How is that possible?

The bottom line is that Dodd received special treatment from a company that he was in charge of regulating and to this day he has refused to release details of those transactions. If Dodd has done no wrong, then why not release the documents and dispel the accusations?

Why, indeed?