It was because he was going to retire anyway, lost a favorite port town in redistricting and had a tough race last time.
Was this really why Congressman Barney Frank announced today he’s retiring from the House of Representatives?
Perhaps another reason was he’s no longer chairman of the House Financial Services Committee and like a lot of bullies, Mr. Frank found it’s not easy to be stripped of the power to torment and humiliate others.
……Frank’s departure in January 2013 will remove from the House one of its more offensive members. Until then, this petulant, abrasive and downright nasty Congressman will keep making his presence known.
However, it is unlikely that Mr. Frank is leaving for the reason he should depart Congress: out of shame for all he did to stop reform of Fannie and Freddie while there was still time to avert the disaster that almost took down the American economy.
In 2003, he called Fannie and Freddie “fundamentally sound financially” and accused the Bush Administration of trying to “exaggerate a threat of safety… [to] conjure up the possibility of serious financial losses to the Treasury, which I do not see.”
A year later, he said talk of financial problems at Fannie and Freddie were “an artificial issue created by the administration…I don’t think we are in any remote danger here.”
In 2007, as Chairman of the House Financial Services Committee and just as Fannie and Freddie – overleveraged and stuffed to the gills with risky mortgages they’d encouraged and facilitated – were about to go over the cliff, Mr. Frank attacked President George W. Bush’s call for reform as “inane.”
Yet when Fannie and Freddie went belly up in the fall of 2008, Mr. Frank voted for the same Bush Administration reforms that could have averted the bankruptcies of Fannie and Freddie.
Read more: http://www.foxnews.com/opinion/2011/11/28/real-reason-barney-frank-should-quit/
The Left despises anyone who questions their narrative. How dare we? They’ve employed the same tactics throughout Obama’s reign: Marginalize, denigrate, dismiss, and insult those who won’t just shut up and swallow the meme. During the Tea Party protests and mid-term elections, the public stood up and told them to shove it. Accountability sucks.
Frank is one of those Imperial Poufs that can’t get over himself. He’s typical of the arrogance and dismissive sneering attitude toward American voters that has become a trademark of the Democratic Party. Pelosi, Reid, Stark, Hoyer, Biden, and Obama have the same opinion of themselves.
Buh bye, Barney. I’m sure you’ll find a nice niche as a ‘commentator’ on MSNBC.