April 1st, 2010
02:34 PM ET
5 years ago

Frank rebukes House staffer for taking lobbying job

Barney Frank denounced a committee staffer Thursday in a written statement.
Barney Frank denounced a committee staffer Thursday in a written statement.

Washington (CNNMoney.com) - House Financial Services chief Barney Frank publicly denounced a House Financial Services Committee staffer for leaving to become a lobbyist.

Peter Roberson played a key role in writing House financial overhaul legislation and will now lobby on behalf of a company that the legislation
directly impacts. His new employer, Intercontinental Exchange, owns the largest clearinghouse of complex financial products, otherwise known as credit default swaps.

"When Mr. Roberson was hired, it never occurred to me that he would jump so quickly from the committee staff to an industry that was being affected by the committee's legislation," Frank said in a statement.

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Filed under: Barney Frank
soundoff (26 Responses)
  1. Tim

    Right, you'd only expect our crooked politicians, who were promised cushy jobs for voting for Obamacare, to be so slimy.

    April 1, 2010 02:37 pm at 2:37 pm |
  2. Obama the Liar

    Why are you not in jail Barney????

    April 1, 2010 02:39 pm at 2:39 pm |
  3. S.B. Stein E.B. NJ

    Mr. Frank has a right to be angry. The man who helped write the new rules knows how to get around them. This is unfair to the rest of the country. We should have staffer and members of both houses refrain from taking jobs in any related field that they worked on for at least 2 years. This shows a possible conflict of interest.

    April 1, 2010 02:39 pm at 2:39 pm |
  4. Sniffit

    Baseless conspiracy accusations from GOPers that Frank was in some way wheeling and dealing in 3....2...

    April 1, 2010 02:42 pm at 2:42 pm |
  5. Pinkie

    Oh the poor man, got a rebuke. Did BFrankie spank him? He probably would have really enjoyed that.

    April 1, 2010 02:46 pm at 2:46 pm |
  6. me

    It all for personal gain.

    April 1, 2010 02:47 pm at 2:47 pm |
  7. Michele

    Is this legal? It sure isn't ethical!

    April 1, 2010 02:48 pm at 2:48 pm |
  8. Ken in NC

    Congressman Frank, when they jump the fence like that you got to treat them like horse theives or cattle theives. Find a high tree and hang them out to dry.

    April 1, 2010 02:53 pm at 2:53 pm |
  9. Hugo

    Probably the smartest decision the guy ever made in his life...getting a good job while there still is the opportunity. Let's see where all Bawney lands after the next election cycle, jail I hope!

    April 1, 2010 02:56 pm at 2:56 pm |
  10. DAR

    A Republican would never do what Congressman Franks has done. The Republicans would have found the job for their staffers.

    April 1, 2010 03:04 pm at 3:04 pm |
  11. Steve- Illinois

    Business as usual!!! First make the rules, then go to work for a company that will benefit from those very rules! Oh well. it's still ok for the administration to hire lobbyists, even though President Obama said they wouldn't. That rule lasted about a week! Too bad it's not Barney going to work for some other company. He's done enough damage in Washington to last a lifetime!

    April 1, 2010 03:11 pm at 3:11 pm |
  12. Biased

    And noone ever thought that you and other democrats in Congress would decide you want to take over every private business in the US either.

    April 1, 2010 03:12 pm at 3:12 pm |
  13. Captain Crunch

    Go Barney. Do take any crap from anyone!

    April 1, 2010 03:14 pm at 3:14 pm |
  14. Dave

    There are a lot of things that don't occur to you, Mr. Frank. And we are paying dearly for it.

    April 1, 2010 03:15 pm at 3:15 pm |
  15. Ready for 2012

    Don't denounce someone who leaves one job to go to a better one. That shows the staffer was smart enough to get a better paying job. That's what many people want.....a BETTER job.

    April 1, 2010 03:28 pm at 3:28 pm |
  16. "Tea Party Texan"

    Why don't this man stick a banana in his mouth and disapear.

    April 1, 2010 03:30 pm at 3:30 pm |
  17. TCM

    What's the matter Barney, did the guy turn you down for a date?

    April 1, 2010 03:32 pm at 3:32 pm |
  18. phoenix86

    Barney Frank admonishing anyone for ethics is laughable.

    April 1, 2010 03:42 pm at 3:42 pm |
  19. shooter

    CNN should do an in-depth study and investigation to check out Barney Frank character to see if this guy is clean or corrupted like the rest of them in Congress.

    April 1, 2010 03:46 pm at 3:46 pm |
  20. dan smith

    Hmm! Wonder what kind of kickback ol' Frank will get under the table.

    April 1, 2010 03:47 pm at 3:47 pm |
  21. DOBBS RETURNS

    Good...another nail in the Banking Queen's coffin!

    April 1, 2010 03:48 pm at 3:48 pm |
  22. Bill

    Maybe Mr. Roberson just wasn't friendly enough to Barney. Nah! Barney would never abuse his office.

    April 1, 2010 03:50 pm at 3:50 pm |
  23. awaitingliberalizationbyCNN

    This is so laughable. I know Barney Frank knows nothing about nothing, but this is a system that has been in place for centuries and if he is shocked, it is just showing the ignorance that so many of us already knew he had.

    April 1, 2010 03:56 pm at 3:56 pm |
  24. Victim of GOP Taliban

    Not good. Credit default swaps is what triggered the subprime meltdown. The lobbyist should be outright banned from working for a group that is trying to influence the very same legislation that he worked on.

    April 1, 2010 03:56 pm at 3:56 pm |
  25. Tom, St Paul

    Barney, don't try to tell us it never occurred to you that someone hired to an influential federal job would later go lobbyist. We are not dining room tables! We all know it happens all the time, to both Dems and GOPers. In spite of your disingenuity, a big pat on the back to you for speaking out. Hope you will continue to do so, and hope your fellow congressmen from both sides of the isle will join you. We desparately need accountability in government, and a clear line between the public and private sectors.

    April 1, 2010 03:57 pm at 3:57 pm |
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