Good riddance! One of the culprits who have brought us to the brink. Defended Fannie and Freddie to the wall…but now disavows. But don’t worry Barney. You will now become the head of Goldman, Citi or a high paid lobbyist.
Longtime Rep. Barney Frank, D-Mass., will announce his retirement Monday at an afternoon press conference in Newton, Mass.
The 16-term lawmaker, whose name is emblazoned on the banking reform law that passed Congress last year, had long been rumored to be ready for retirement. He was previously chairman of the House Financial Services Committee but is now ranking member since Democrats lost the majority in the 2010 midterm election.