‘Most Powerful’ Openly Gay Politician Announces Retirement

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Democratic Representative Barney Frank of Massachusetts announced Monday that he will not seek re-election in 2012, ending a 32-year career in the House.

Frank, the top Democrat on the Financial Services Committee, will leave a political legacy most likely highlighted by the sweeping Wall Street regulatory reform that he drafted with former Senator Chris Dodd (D-Conn.) which was enacted last year. The Dodd-Frank bill clamped down on lending practices and expanded consumer protections in an effort to prevent a repeat of the 2008 economic meltdown.

The 71-year-old Congressman has also been recognized as the Nation’s most powerful openly homosexual elected official. Frank was involved in a scandal two decades ago when he used his Congressional status on behalf of a male prostitute whom he had employed as a personal aide.

“I should have known better. I do now, but it’s a little too late,” Frank said at the time, according to The Associated Press.

Frank’s retirement announcement will create a scramble among Democrats to replace the longtime Massachusetts lawmaker as the ranking member on the Financial Services Committee. Representative Maxine Waters (D-Calif.) is technically next in line as the ranking member on that committee.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.