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.
Well what would one expect. it took Barney, Chris, Chuck, and many others to help in the houses crises, Everybody should own a home. Relax he loaning process and don't ask to many question. No need for proof of employment, Imcome tax returns no need for anything, Banks Fannie Freddie JUST MAKE THE LOANS. Thats the Democratic way and if all FAILS it was GEORGE BUSHES FAULT AND THEM EVIL REPUBLICANS. We need to take all of Barneys Retirement and all the INSIDER TRADE SECRETS he received that has helped in his Fortune. Do we all remember when Martha Steward she went to Prison.( I do agree with (Da) Term Limits 2 terms PERIOD congress,senate and 1 SIX year term as President
16 years too late!! Good riddance!
Shine the light on fannie and freddie and watch the rats scurry for their holes.
This guy is the poster child for corruption and deceit.
Lets vote the other elites out in 2012
Maybe the Domestic Intell is stating the Civil War is just around the corner and he wants to save his neck now. He will flee the country, bet on it.
Finally – he should've left years ago (especially with the demise of Fannie & Freddie). Our nation will be a better, stronger Union without him in power!
When one of the lead rats jumps from the ship then you know something bad is about to happen. Either FannieMae scandals are about to come out and he would be up for criminal charges or he realizes the Democrat party is going to be so far out of power for the next several decades he will never see the power again he so craves.
I'm not sure how it's possible, but someone must have some "dirtier than normal laundry" on him.
I hope his next office is an 8'X6' cell in some Federal prison.
Although i am opposed to many aspects of ideology, I do have to say that he did his best for "king and country" as he saw fit and wish him well on whatever path he chooses next. I do agree with DA above that with double-digit terms served, it is about time to exit gracefully.
I am not a Democrat or a Republican, but I am a natural born American. This man should be in prison for rest of his life. He is a poster child for what is wrong in Washington D.C. Evil, Evil, Evil is the only way to describe him.
What a relief! More and more of the old timers are getting the message. We have had enough of their shenanigans in Washington and it is long past time for the old geezers to get out of the way! We need to implement term limits on these guys once and for all.
Can he still be arrested and imprisoned for what he has done to this country and for his numerous reported alleged improprieties? If so, the police should be waiting for him as he exits his news conference.
Ironic this news comes out after Mass passes the Casino Bill
Hope fannie and freddie will recover now!!
I agree with one of the writers who believe a scandal is on the horizon. Barney Frank-smoker is like Anthony Wiener, an egotistical attack dog for the DemoRatic party.
Go on take the money and run !
Maybe Barney is leaving in order to concentrate on the little business that his partner previously ran from their basement. Or maybe he is going to get speech therapy or seek anger management counseling. Or perhaps he is starting a home mortgage business specializing in underfunded borrowers, who Barney assures us are able to make the monthly mortgage payment. Good riddance.
Barney BAILS!!! (Drudge)
To spend more time at home?
No word yet if Rep. Frank will now revive the brothel which had been operated in his basement.
In the interest of fairness and bipartisanship, it must be revealed that most Americans have had brothels operating in their homes without their knowledge; odds are you have too, right?
What has been a trickle of Democrats (in the House especially) scurrying off the foundering Democrat ship seems now poised to become a flood prior to that ship's 2012 sinking. It's no fun to be in the minority, especially in the US House!
I guess he is retiring to spend time with his family!!!!!!!!!!!!!!!!!!!!!!1
Now, with a little luck, we can also get rid of Nancy Polosi and Maxine Waters.
da – most Americans agree about term limits. However, it has been tested in the courts and the only way to pass any laws to make this happen is a constitutional amendment. And guess who has to kick it off?? Yep, you guessed it – Congress. Of course the other path is for 2/3 of the state legislatures to propose the amendment and 3/4 of the state legislatures to pass it into the constitution. I for one believe it would pass if we could all agree what those terms should be.
I never supported Mr. Frank. He is a good speaker and will no doubt find him self a Suffolk University Teaching poly Sci. Good Riddens.....
Term Limits are a must. We have too many entrenched politicians who have made themselves very wealthy off the backs and out of the pockets of the American people. We also need to do away with retired politicians being allowed to become lobbyists.
Franks contribution to the deficit is noteworthily. No one is going to miss him!
Frank has done so much damage to the United States.
He is stepping down, because he knows he was going to be defeated in 2012. This is similar to what is going to happen to Obama. These people have done so much damage, it will take entire generations to correct the damage, if ever.