Dec. 7 (Bloomberg) -- Senate Banking Committee Chairman Chris Dodd said General Motors Corp. Chief Executive Richard Wagoner should be replaced as a condition for federal aid and Chrysler LLC may have to merge to survive. “You’ve got to consider new leadership,” Dodd said on CBS’s “Face the Nation.” Wagoner, he said, “has to move on.”
This from the guy who along with Barney Frank, oversaw and did nothing about the financial meltdown his party caused by forcing lenders to make loans to people who couldn't pay them back. Not to mention Dodd's own sweetheart loan from Countrywide that was an obvious payoff.
Dodd is not only still a Senator, he's still in charge of the same committee and is lecturing us on how the auto industry should be run. The only place he should be is federal prison.
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