I probably shouldn't comment on it, as I didn't see it, but reportedly Dodd said on face the nation that GM CEO Richard Wagoner should be replaced as a condition for federal aid.

This strikes me as more incompetence from the government. Others, including GM, said they didn't interpret it as a pre-condition for federal aid, and they want Wagoner to stay in place. The bailout/loan is supposed to be an emergency bridge loan, to get them into 2009. Apparently its passage is nowhere close to given. So here we have a top Senator saying Wagoner has to go, others saying he doesn't, one more thing to fight about, huge uncertainty injected, demoralizing GM while at the same time putting the entire package at risk - destroying investor confidence when confidence is always a principal goal.

If Dodd were competent he would not say anything so inflammatory and destructive unless he knew he was going to make it happen, and fast.