**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.
(Crossposted at Public Secrets)