CNN reports that U.S. Rep. Barney Frank, a prominent 16-term liberal Democrat from Massachusetts 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 his office. Frank, 71, will hold a news conference in his district to discuss the decision at 1 p.m. ET.
The reasons for Frank's largely unexpected decision to retire from Congress were not immediately clear, though some analysts speculated they may be tied to changed boundaries for his 4th Congressional District after Massachusetts' recent redistricting process.
Frank, first elected to the U.S. House of Representatives in 1980, is the top Democrat on the powerful House Financial Services Committee. Among other things, he co-authored the 2010 Dodd-Frank financial regulatory reform bill. The measure, designed to rein in Wall Street excesses after the 2008 financial collapse, passed the House without any GOP support. The veteran congressman made headlines earlier in his career by becoming one of the first openly gay members of Congress...
A Weird³ word to the wise: in case you thought Barney was bad news, just wait to you get a load of his replacement…
Read more at http://www.cnn.com/2011/11/28/politics/barney-frank/index.html
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