Barney Frank to retire

Posted by: Phineas on November 28, 2011 at 12:01 pm

**Posted by Phineas

via The Hill:

Rep. Barney Frank (D-Mass.) will announce Monday that he is not seeking re-election, ending a 32-year career in the House.

Frank, 71, is the top Democrat on the Financial Services Committee and the architect, with former Sen. Chris Dodd (D-Conn.), of the sweeping Wall Street regulatory reform law enacted in 2010.

He is scheduled to hold a press conference at 1 p.m. in his district, according to a spokesman, who said the congressman would announce at that time the reason for his decision. His retirement will deprive the House of one of its most colorful characters, a man known for his quick and often caustic wit.

And also known for being one of the most vociferous defenders of Fannie Mae and Freddie Mac, claiming there was no problem while those two agencies were at the core of the building sub-prime mortgage disaster. He’s also been a loud advocate of raising taxes and gutting the defense budget. Saying he has a “caustic wit” is a euphemism; he truly is one of the biggest jackasses in our national life. Congress can only be improved by his absence.

Enjoy your retirement, Barney. And good riddance.

RELATED: Earlier posts about Barney Frank. Smitty at The Other McCain has a blog roundup.

(Crossposted at Public Secrets)

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13 Responses to “Barney Frank to retire”

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  1. Great White Rat says:

    I’m wondering: did he jump or was he pushed? It’s not like a liberal to voluntarily give up any position of power. They like the perks and (more important) the ability to dictate to us peasants and control every aspect of our lives.

    I’m guessing that the powers that be in the Democrat party nudged him to quit. Unsurprisingly, Dodd-Frank has been a colossal failure. Dodd is already gone. But if Frank were to run for another term, the GOP congressional campaigns nationwide would have a ready-made ad: a picture of Frank and dire warnings that more irresponsible legislation like Dodd-Frank is on the way if you let THIS man run the Financial Services committee, so vote for your local Republican.

    Putting Frank out to pasture defuses that tactic to some extent.

  2. Phineas says:

    Putting Frank out to pasture defuses that tactic to some extent.

    I’m not sure why Frank is retiring, but I kind of doubt he was pushed out. This will make Maxine Waters the ranking D on the House Banking committee, and the leadership can’t have wanted that.

  3. mystere says:

    I wonder if NAMBLA is scared of a nasty story brewing up with Barney Frank? Perhaps he touched a young boy just like the sandboi did at Penn State? Who knows what’s in Barney Frank’s closet? What will come out of his closet?\:d/

  4. Aarradin says:

    I suspect he sees the writing on the wall: D’s will NOT be retaking the House in 2012 or at any time on the horizon.

    It can’t be any fun for a former chair of House Banking to be in the minority in the House.

    Its not like being in the minority in the Senate were you still have some influence – sometimes even considerable influence if you are a moderate and your Party has >40 seats.

    I suspect we’ll see a lot of long-serving House D’s suddenly discovering an urge to ‘spend more time with their family’ over the next year.

  5. Lorica says:

    Well at least he was honest about redistricting being one of the reasons!! Poor poor Barney, you will not be missed. – Lorica

  6. Carlos says:

    I’d sure be interested in a couple of investigations that will never happen:

    First, I’d be interested in finding out why no one was arrested and tried for running a male prostitution ring out of the basement of his house.

    And second, I’d be interested to know how much bigger Frank’s bankroll is now as compared to when he was first elected. My guess is it is multiples of what it was then, and probably multiples of his listed income from the Senate over the years, too.

    Not that I think the guy’s a scoundrel and a thief, but he’s a Democrap and Democraps are scoundrels and thieves, especially if in elected office.

  7. H Hazell says:

    He should be knitting sweaters and writing cook books. Unfortunately, I suspect he’ll become a consultant for financial operations that will continue to impact we taxpayers.

  8. Lorica says:

    Actually don’t be surprised if he is picked up as a lobbyist for the gay community making 6 figures or better. – Lorica

  9. Great White Rat says:

    This will make Maxine Waters the ranking D on the House Banking committee, and the leadership can’t have wanted that.

    True, Phineas, but as far as Dodd-Frank and other past blunders are concerned, Waters has a clean bill of health. Her name isn’t on any of those disasters. Is she just as bad as Frank, maybe worse? No doubt. But it’s more difficult for the GOP to use her as the face of the housing disaster than Frank.

  10. Drew the Infidel says:

    Addition by subtraction.

  11. CZ says:

    Barney bugs out – He tot he taw a puddy tat.