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.
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Good to know. Be nice to hear him to say that he's sorry he drove the country to the brink through Fannie and Freddie, but he won't.
I'll miss you, Barney. Thanks for everything.
Awesome!
Unfortunatley Maxine Waters is next in line to take his place on the Financial Services Commitee.
The democrats have the staff the entire congress with losers three and four deep.
Reminds me of some lirycs of a Steve Miller song:
Go on and take the money and run,
Go on and take the money and run,
Go on and take the money and run,
Go on and take the money and run
Take the money and run! You got us into this economic disaster with your housing bills and now you run away when it hits the fan!
He's worked hard for years and is entitled now to spend more time with his wife. Isn't he? What? Oh.... sorry.
He should resign now and then Congress should repeal the Frank Dodd Act....the worse price of legislation in decades.
About time he is one of the reasons the housing industry is in the mess they are.
An American Dream is earned not given and that was what he and Dodd were doing giving not earning.
I saved in order to get my first house and it took a lot of work and saving people should try that and not demand it's their right to have the American Dream.
Good by and enjoy the retirement that's second to none you didn't earn it.
He won't seek re-election in 2012, so that he can seek more erections in 2012.
Barney will be HUGELY MISSED!!!!!!!!!!!!!!!!!
Instead of term limits can't the ballots indicate ICB, incumbant? Most folks aren't sure of who is in place at the time. ICB would help them vote responsibly.
Now if we can undue everything he did in the past 16 years. Goodbye Barney
Good. Now let's get rid of the rest of the career politicians.
Rat's leaving a sinking ship, Hahahahahahahaaa.
It so sad to hear the comments from people who don't know Barney. He has represented his district with their interest at heart. If the people who are posting about Freddie/Fannie (which did help contribute to the mess) read Barney's testimony and the Congressional hearing transcripts he held, particularly in 2006 where he warned the Republican controlled House there would be trouble. He tried many, many, times to rein in Freddie/Fannie from investing in risky Real Estate mortgage loans but the Republicans encouraged by the GWBush 2005 speech on everyone owing a home push the subprime mortgages right into the hands of Freddie/Fannie which should have never happened. Facts should matter more than the right wing demogoging.
I am mixed on this. He never really took responsibility for his part in the whole home lone debacle, and I am not sure that I have every heard him say anything that was not inflamitory. He will not be missed. However, I still have to wonder about the residents of Massachusetts continuing to send this guy to Washington. It just seems to me that he must have really brought home the bacon or something. I never could understand sending this guy term after term.
Fine time to reveal the ego behind his bluster. We have a chance to show the TP in the House as the do nothings they've been to uninformed voters, and he chooses to quit now?! selfish. Good riddance.
He will not be missed.
The man is in his 70s. He has been a congressman for 32 years. It is time to retire. Why does anyone make more of it than that?
Am sorry to see him leave.
One down, 500 or so to go
If you want change forget about which party you belong to. Do not vote for any incumbant at all. We all lose but we also all win. Hows that for fair and balanced. Good bye Barney I only wish you had retired sooner before you helped wipe out the housing market.
Good. After this year's performance, the fewer incumbents the better. Especially when they are part of the ongoing hyper-partisan problem infesting Congress as a whole. I'd like to hear of more such resignations, from both sides of the aisle.
Don't let the door smack you in the butt on the way out.
Lesseee. He is following Chris Dodd out the gate. Maybe Obama can get him to do one of those Shovel Ready Jobs Obama touted.