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.
Ouch! The favor is getting out! We don't have to listen to moronic high school name calling any longer...not to mention his idiotic part in the sub prime fiasco. One less robber of the American tax payer in congress.
Barney played a hinge role in the housing bubble crisis, I wish they would hold him accountable.
I knew that he would. He helped cause the housing bubble. He destroyed Ron Pauls Edit The Fed and Barney /Dodd wrote the legislation regulating business. He's finished getting his pay offs from big banks and lobbyists and completed his part in destroying America. He now wants out before it hits the fan so he can enjoy his millions and just sit back and watch. I wonder if he has a hidey hole with the other elites to go to when Anarchy arrives?
Yes. And not only term limits but also a change to the entitlements during and after serving!
@da – Being a Republican, I agree with you on term limits
Good. As a Dem, I'm glad this guy will be gone. Having him in Congress just gives neoconvicts more ammunition against the left. Time to replace him with a strong-willed, capable Dem.
Good riddance to bad rubbish!
The indictments must be coming.
He will not be missed, and should apologize for the mess he caused with Fanny and Freddy.
He should be going to jail for his part in the housing collapse. It's long past time for him to go.
Goodbye and good riddance!!!!
Farewell to one of the most detestable human beings ever to enter American politics.
One down, about 500 to go!!!! Throw them ALL out!!!!!!!!!!
Thank God. The great news about Barney Frank has made my day. I guess he's made enough money
In his senate job off the backs of hard working Americans to retire. Don't let the door hit you in the
Backside as you leave. Good ridance
Thank God! One of the worst examples of the problems in our capital. He is awful....and the damage that he has done might not ever be able to be corrected.
Too bad he didn't quit 6 years ago, before he and Chris Dodd took Fannie Mae and Freddie Mac down the drain. Case study in pandering to their base at the expense of the stability of the financial system they were supposed to be protecting.
It's the best news I have heard in a long time!!
After wrecking Fannie May and Freddy Mac does he still get his pension?
yep... better grab that pension and run before they cut it!
After thoroughly trouncing the nation's finances it's the least he can do. Look for the Barney Frank speech where he espouses to Congress the efficiency and solvency of Fannie and Freddie before the housing bubble occurred. Don't forget to mention how his boyfriend worked at Freddie Mac during those years.
It is definitely time for him to step down – he almost single handedly brought down the US economy! I say term limits are the only answer to this economic crisis. Business is getting blamed for the stupidity of the government. The American public are buying into the BS from the White House that big business is the cause of the economic crisis when the truth is – it is legislatures who have no idea what the heck they are doing.
Barney has finally decided to retire? It looks like he knows he would never win another election, in view of the harm he has caused through Fannie May and Freddie Mac and the Dodd-Frank legislation. Chris Dodd got out when he knew his goose was cooked too. Both men are crooked as a pan of guts and should thank their lucky stars they aren't wearing orange jumpsuits. They represent all that is wrong with Congress. We need term limits!
The problem with the US political system is two-fold. One, you have what has become an entrenched bureaucracy/career politicians. The founding fathers intended that the Congress be comprised by the common man, serving one or two terms, then returning to the population at large.
Two, with the endorsement of the US Congress we have allowed BIG money (corporate money) to creep into the election and legislative processes. In short, we have the Congress we paid for! For they truly are, bought and paid for!!!
Fortunately, the Founding Fathers had enough foresight to see this possibility. They included in the Constitution the 2nd amendment. The RESET button to the Constitution. When a government becomes oppressive, tyrannical and unresponsive to the will of the people, we can throw the bastards out, by force of arms if necessary.
Time for him to count his money. He should be in jail for Fannie/Freddie.
There really is a God! Thank goodness!!!!!! Wonder if he's getting ready to be indicted? Wouldn't that be wonderful.
We can have term limits right now–don"t vote for incumbents!