Washington (CNN) - Massachusetts congressman Barney Frank, a prominent 16-term liberal Democrat and arch-enemy of political conservatives nationwide, will announce Monday he does not intend to seek re-election in 2012, according to a statement from Frank's office.
Frank, 71, will hold a news conference in his district to discuss the decision at 1 p.m.
Nothing wrong with Fannie & Freddie eh Barney?!?!?!
Being a Republican, I concur – terms limits for all.
Being a Republican, I have to say I agree with everything in your post. See, how easy it is to come together.
Barney "Mumbles" Frank is the single greatest argument for term limitations of all time.
da, you are correct. We need not just term limits with public financing of elections, controls on pols (esp. their stock), and a weak BBA. If we do 2 amendments, then we would be OK.
It's Mass. Im sure he'll be replaced by a like minded politician.
wow im agreeing with a democrat. its past time for term limits.
Good! Another one bites the dust afraid of the next election.
I wish we could do Thanksgiving again...I would pray how grateful I am that he will no longer be a burr on the butt of the American political landscape. Thank you, Lord, for once again answering our prayers!
Well they have spent all our money, so its time to go home. The party is over.
As a Conservative, I agree. It's common ground (and common-sense) that dems and repubs can agree on. Term limits benifit the majority and limits the power of niche groups with their special interest issues. Having limited time in office, the politicians can devote their time to the most important issues that affect the most people. It's how it should be.
Senator Chris Dodd has already done this,
The two men most directly responsible for the strong arming of US banks to adopt unsound lending practices and bundle the bad loans to Fannie Mae and Freddie Mac, thus bringing down the housing industry and causing millions of decent folks who carry the load in this country to lose the equity in their homes, are now gone.
They did thousands of time more damage to ordinary folks than did Bernie Madoff's ponzi scheme.
Both Dodd and Frank will get large Federal Pensions, as will the folks who run Fannie and Frddie, along with their multi-million dollar bonuses.
Thanks..Barney. You have now risen to the level we all thought you would, or maybe sunk.
Its about time - Barney your worthless legacy is your 'brilliant' oversight on Financial committees, most notably what Fannie Mae and Freddie Mac is left with because of all of the mortgage "entitlements" you made the industry issue.
A great day for our Republic, if true. Except, he should have been removed from office for ethical violations long ago. Out now is better than never out.
We do have term limits for members of congress – its called elections. Barney Frank, Dick Durbin, Nancy Pelosi, Harry Reid, Maxine Waters, John (I served in Viet Nam) Kerry, etc. are corrupt does not necessarily mean all are corrupt. Get rid of the crooks and thieves, and keep the remaining two congressman and let them do their job. My personal opinion is "throw them all out" and start fresh. If 12 members of congress, aka the "Super Committee" can handle such important decision such as cutting money from the budget, why do we need the other 523 members of congress? Why are we paying them $174,000 + per year, in addition to all they can steal. Why don't we keep the do-nothing 12 members of Congress and throw the rest out, along with Obama, the do-nothing, inexperienced, amateurish petulant child and start fresh with a true leader, not a Marxist community organizer. Then, that will happen in November won't it?
Term limits are in place! Every two years for the House. We voters need to be more tuned in and "throw the bums out" when necessary.
The man is a crook and should be taken out in chains for all the money he has wasted and the financial ruin he has propagated. But no, he will live off the Government and all the delayed bribes from corporations for the rest of his life. The entire system is corrupt and may not be salvageable.
Freddie Mac must haave offered him a $20 Million a year job....
Being one of, if not the most corrupt congressmen presently serving, his departure is long overdue. Now if we can get rid of Charlie Rangle, Maxine Waters, Sheila Jackson Lee, Loretta Sanchez, etc., etc., would be a good thing for our country.
He will leave rich while the rest of us are suffering – our retirments depleted by his shenanigans!
Throw a monkey wrench in the the US economy by helping to create the Fannie/Freddie housing bubble crisis along with the Dodd-Frank financial reform nonsense and then run for the hills. Typical progressive.
the chickens have come home to roost
Thank GOD !!
I guess he's done wrecking the economy, time to go home. Well done Barney.