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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Decide he has taken enough of the taxpayers money and can finally retire to be a lobbyist and take more.
One of the most partisan members of the House, Good riddance.
It's time for him to step down whether or not you're a Democrat.
I guess that means he's done all the damage he can, and now it's time for a lavish retirement on his victims' dime.
Finally Frank sees the writing on the wall. He and Dodd have had such a major hand in fouling the housing market with the Fannie and Freddie mortgage practices that there really isn't another way out for him. I wonder how much each of them made off of the taxpayers during their terms in office.
Limiting the term of legislators and removal of most of their perks (no payments into social security, being exempt from certain laws the rest of us must abide by, etc.) is indeed overdue, but along with it, a full financial accounting by an independent organization at both the beginning and the end of any government official's tenure needs to be done. We need to root out the people who got rich off of the rest of us. Government service is supposed to benefit the people, not the legislators.
Being an American, I have to say WOO HOO! Maybe the good people of MA can find a Constitutional conservative to take his place. Wouldn't that be refreshing?!
Maybe he knows he won't get re-elected and being anal-retentive, no pun intended he has the need to be in control or it could be he is running scared of skeletons in the closet. I think it will be good for the country that he leaves. I don't know what good he has done being in office for so long but things will expose once he is gone.
Being a Republican, I have to say that I agree with you. These career politicians arrive in Washington with a few thousand dollars in their bank accounts and leave millionaires! How is this possible? Term limits please!!!!
You can term limit them yourself at the ballot box on election day. Why do you need a law?
He's done enough damage.
One down, thousands left in DC to vote out of office or fire from their appointed crony jobs. And cancel their government pensions and congressional healthcare plans.
Calling all politicians, clean up DC....follow Barney Frank as he leaves town.
Barney Fwank: You can take your inside trader money and retire to Cape Cod. I won't miss you. While you're at it, take the rest of career crooks (poliicians) with you.
Looks like the prospects for the country are brightening, already. Being a conservative, I'm have some reservations about Congressional term limits, but I tend to believe that you are right, da.
My God man! That would wipe out most of the Michigan Delegation! And we all know how effective that team has been!
Good grief, 16-term? He should have stepped down long ago. Why are there no term limits for Congress?
As an American, I have to say WOO HOO! Maybe the good people of MA can find a Constitutional conservative to take his place. Wouldn't that be refreshing?!
As one of the leading causes of the financial crisis, Frank should retire. His promotion of reckless lending by Fannie Mae, Freddie Mac and the private sector banks has caused much misery.
I must agree with da that term limits for Congress would be a good thing.
The damage this man did the country with his support of Freddie and Fannie, he should be going to jail, not retirement.
Guess he figured it's time to take the money and run.
Way overdue. Good riddance!
It's about time. His finger prints, as well as Schumers]'s, were all over the Fannie and Freddie issue when they advocated less regulation into what these two organizations were doing. Yet he never accpeted any responsibility for it but made excuses.
Now that he's made his money he can cut bait so he can distance himself from the issue.
Good ridance
He's done his damage
I agree DA. In this case, I don't think anyone will shed any tears to see him go.
Re-election? He should be thrown in prison for 30 years for incompetence.
It is long past time that this immensely destructive person should exit Congress. His moral depravity serves as a signal example of the deep decline of our culture and our values, and his evil, cynical manipulation of our financial system was a prime cause of our current economic malaise. This man's deep hatred of our moral foundation, our Constitution, and our freedoms merits him no fond farewell.