Goodbye Barney Frank

Barney Frank not seeking re-election in 2012 – CNN.com.

Democrat Congressman Barney Frank of Massachusetts is not seeking reelection in 2012.  After “serving”  16 terms and much destruction of the banking and housing industries, as well as Jerry Springer style scandals, we are losing one of America’s leftmost congressmen.

There is a reason to give thanks.

Barney will announce during a press conference  at 1 pm today, says CNN.

 

Barney Frank Helped His Lover Get a Job At Fannie Mae

at the time he was supposed to be regulating the Mortgage Lender.

Boston Herald: Rep. Frank Admits to Helping ‘Ex-Lover’ Get ‘Lucrative’ Fannie Mae Job, While Regulating Mortgage Giant | NewsBusters.org.

Frank’s former “spouse”  Herbie Moses worked for 7 years at Fannie Mae, where he was a leader in relaxing mortgage restrictions for rural customers.  His entire time there was during the 10 years that Frank was serving on the House Banking Committee.

Barney Frank staunchly opposed efforts to rein in Fannie Mae and Freddie Mac. During many media appearances, Frank was never asked to address  his special cozy relationship with Fannie Mae, and the campaign donations he received from them.