Dodd: Jackson’s resignation was ‘the right thing to do.’

Over in the Wonk Room, Senate Banking Committee chairman Chris Dodd (D-CT) guest-blogs and says that Housing and Urban Development Secretary Alphonso Jackson’s resignation was the “right thing to do.” He also calls on President Bush to appoint a new Secretary “who can devote his full energy to solving our nation’s housing crisis” — without the distraction of ethics investigations:

In this time of economic crisis and instability in the housing market, it is more important than ever that we have a HUD Secretary who is fully committed to addressing the challenges facing our economy. Given that Secretary Jackson is currently the subject of ongoing investigations into alleged misconduct at HUD, it became clear to me over the past few weeks and months that these investigations have been a distraction at a time when the HUD Secretary must devote his undivided attention to helping American homeowners.

Read the full post here.