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Pressured to Take More Risk, Fannie Reached Tipping Point October 4, 2008 New York Times [http://www.nytimes.com/2008/10/05/business/05fannie.html?n=Top/Reference/Times%20Topics/People/D/Duhigg,%20Charles&pagewanted=all]</ref>
Pressured to Take More Risk, Fannie Reached Tipping Point October 4, 2008 New York Times [http://www.nytimes.com/2008/10/05/business/05fannie.html?n=Top/Reference/Times%20Topics/People/D/Duhigg,%20Charles&pagewanted=all]</ref>


''[[The New York Times]]'' has called Frank "one of the most powerful members of Congress"<ref>[http://www.nytimes.com/2008/05/13/washington/13barneybox.html A Way With Words]</ref> and "a key deal-maker, an unlikely bridge between his party’s left-wing base and [...] free-market conservatives".<ref>[http://www.nytimes.com/2008/05/13/washington/13barney.html A Liberal Wit Builds Bridges to the G.O.P.]</ref>
''[[The New York Times]]'' has called Frank "one of the most powerful members of Congress"<ref>[http://www.nytimes.com/2008/05/13/washington/13barneybox.html A Way With Words]</ref> and "a key deal-maker, an unlikely bridge between his party’s left-wing base and [...] free-market conservatives".<ref>[http://www.nytimes.com/2008/05/13/washington/13barney.html A Liberal Wit Builds Bridges to the G.O.P.]</ref> Frank supports [[gay rights]] and [[medical marijuana]].


==Early life==
==Early life==

Revision as of 17:01, 17 March 2009

Barney Frank
Member of the U.S. House of Representatives
from Massachusetts's 4th district
Assumed office
January 5, 1981
Preceded byRobert Drinan
Chairman of the House Financial Services Committee
Assumed office
January 4, 2007
Massachusetts House of Representatives of Massachusetts
In office
1973–1981
GovernorMichael S. Dukakis
Personal details
Political partyDemocratic
ResidenceNewton, Massachusetts
Alma materHarvard College and Harvard Law School
OccupationAttorney, United States Representative

Barnett "Barney" Frank (born March 31, 1940) is an American politician in the United States House representing Massachusetts's 4th congressional district since 1981. In 1982 he won his first full term and has been re-elected ever since by wide margins.[2] In 1987 he became the second openly gay member of the House of Representatives, and has become one of the most prominent openly gay politicians in the United States.[3]

In 2007 Frank became the chairman of the House Financial Services Committee (when Democrats won a majority in the House of Representatives). The committee oversees the housing and banking industries. He has been criticized by conservatives for his role in the financial crisis.[4][5] after opposing increased oversight and saying he was not worried about Fannie and Freddie in 2008.[6]

The New York Times has called Frank "one of the most powerful members of Congress"[7] and "a key deal-maker, an unlikely bridge between his party’s left-wing base and [...] free-market conservatives".[8] Frank supports gay rights and medical marijuana.

Early life

Frank was born to a Jewish family in Bayonne, New Jersey and was educated at Harvard College, where he resided in Kirkland House and then Winthrop House, graduating in 1962. He taught undergraduates at Harvard while studying for a Ph.D., but left in 1968 before completing the degree, to become Boston mayor Kevin White's Chief Assistant, a position he held for three years. He then served for a year as Administrative Assistant to Congressman Michael J. Harrington.

Political career

1981, Congressional Pictorial Directory - Frank's first term as Congressman

In 1972, Frank was elected to the Massachusetts House of Representatives, where he served for eight years. During that time, he entered Harvard Law School and graduated in 1977.

While in state and local government, Frank taught part time at the University of Massachusetts Boston, the John F. Kennedy School of Government at Harvard and at Boston University. He published numerous articles on politics and public affairs, and in 1992 he published Speaking Frankly, an essay on the role the Democratic Party should play in the 1990s.

In 1979, Frank became a member of the Massachusetts Bar. A year later, he ran for the U.S. House of Representatives in the 4th congressional district, hoping to succeed Father Robert Drinan, who had left Congress following a call by Pope John Paul II for priests to withdraw from political positions. In the Democratic primary held on September 16, 1980 Frank won 51.3% of the vote in a four-candidate field. His nearest opponent, Arthur J. Clark, won 45.9% and finished almost 4,500 votes behind.[9] As the Democratic nominee, Frank faced Republican Richard A. Jones in the general election and won narrowly, 51.9% to 48.1%.[10]

For his first term, Frank represented a district in the western and southern suburbs of Boston, anchored by Brookline and Newton, Massachusetts. However, in 1982, redistricting forced him to run against Republican Margaret Heckler, who represented a district centered on the South Coast, including Fall River and New Bedford. Although the newly configured district retained Frank's district number — the 4th — it was geographically more Heckler's district. Frank focused on Heckler's initial support for President Ronald Reagan's tax cuts, and won by 20 percentage points. He has not faced credible opposition since, and has been reelected thirteen times.[11][12]

Steve Gobie

In 1990, The House Ethics Committee recommended Frank be reprimanded because he "reflected discredit upon the House" by using his congressional office to fix 33 of Steve Gobie's parking tickets.

Frank confirmed that he paid Gobie for sex, hired him with personal funds as an aide and wrote letters on congressional stationery on his behalf to Virginia probation officials, but Frank said he fired Gobie when he learned that prostitution clients were visiting the apartment.[13]

The investigation into Gobie and Frank's interactions were prompted by Gobie's attempt to cash in on lies stating Frank knew and approved of Gobie's illegal activities in the Frank residence. "Two years [after Frank fired Gobie], Gobie tried unsuccessfully to sell his story to the Washington Post. He then gave the story to the Washington Times for nothing, in hopes of getting a book contract for the male version of The Mayflower Madam."[14]

After an investigation, the Ethics Committee found no evidence that Frank had known of or been involved in the alleged illegal activity and dismissed all of Gobie's more scandalous claims.[15][16]

Attempts to expel or censure Frank, led by Republican member Larry Craig (who himself was later embroiled in his own gay sexual scandal), failed.[17][18] Rather, the House voted 408-18 to reprimand Frank who later won re-election in 1990 with 66 percent of the vote, and has won by larger margins ever since.[19]

Political initiatives and positions

LGBT issues

Frank has been outspoken on many civil rights issues, including lesbian, gay, bisexual and transgender (LGBT) rights. In 1987, he publicly came out as gay.[20] He said in a 1996 interview: "I'm used to being in the minority. I'm a left-handed gay Jew. I've never felt, automatically, a member of any majority." In 1995, then-Republican House Majority Leader Dick Armey famously referred to Frank as "Barney Fag" in a press interview. Armey apologized and said it was "a slip of the tongue". Frank did not accept Armey's explanation, saying "I turned to my own expert, my mother, who reports that in 59 years of marriage, no one ever introduced her as Elsie Fag."[21]

Through the 1990 Immigration Act, Frank was a major force in removing restrictions on based on "sexual preference exclusion" which had been explicitly prohibited by early immigration law.[22] In 1998, Frank founded the National Stonewall Democrats, the national LGBT Democratic organization. In February 2009, Frank was one of three openly gay members of Congress, along with Tammy Baldwin of Wisconsin and Jared Polis of Colorado.

Frank is known for his witty, self-deprecating sense of humor. He once famously quipped that he was unable to complete his review of the Starr Report detailing President Bill Clinton's relationship with Monica Lewinsky, complaining that it was "too much reading about heterosexual sex".[23] In 2004 and again in 2006, a survey of Capitol Hill staffers published in Washingtonian gave Frank the title of the "brainiest", "funniest", and "most eloquent" member of the House.[24]

Frank was accused by Rep. John Hostettler (R-IN) of having a "radical homosexual agenda" and responded "I do have things I would like to see adopted on behalf of LGBT people: they include the right to marry the individual of our choice; the right to serve in the military to defend our country; and the right to a job based solely on our own qualifications.[25][26] I acknowledge that this is an agenda, but I do not think that any self-respecting radical in history would have considered advocating people's rights to get married, join the army, and earn a living as a terribly inspiring revolutionary platform."[26]

Frank's stance on outing gay Republicans has become well publicized. The "Frank Rule" holds it acceptable to expose a closeted person who uses their power, position, or notoriety to hurt LGBT people.[27] The issue became relevant during the Mark Foley scandal of 2006, during which Frank clarified his position on HBO's Real Time with Bill Maher - "I think there's a right to privacy. But the right to privacy should not be a right to hypocrisy. And people who want to demonize other people shouldn't then be able to go home and close the door and do it themselves."[28]

Medical marijuana

In Congress, Frank is an ardent supporter of medical marijuana. He was the author of the States' Rights to Medical Marijuana Act (H.R. 2592), an attempt to stop federal government from intervening with states' medical marijuana laws.[29] Frank consistently voted for the Hinchey-Rohrabacher amendment, annually proposed by Dana Rohrabacher (R-CA) and Maurice Hinchey (D-NY), that would prohibit the United States Department of Justice from prosecuting medical marijuana patients.[30] As of March 2008, he is trying to pass the Personal Use of Marijuana by Responsible Adults Act of 2008 (HR 5843), which would decriminalize small amounts of the drug.[31]

Frank commenting on legislation to remove federal criminal penalties for possession of small amounts of marijuana for personal use stated "In a free society a large degree of human activity is none of the government's business. We should make criminal what's going to hurt other people and other than that we should leave it to people to make their own choices."[32]

Online gambling rights

Frank has also partnered with Ron Paul in support of online gambling rights. In 2006, both strongly opposed H.R. 4777, the Internet Gambling Prohibition and Enforcement Act, and H.R. 4411, the Goodlatte-Leach Internet Gambling Prohibition Act.[33][34] To restore online gambling rights, in 2007 Frank sponsored H.R. 2046, the Internet Gambling Regulation and Enforcement Act.[35] This bill would have established licensing and regulation of online gaming sites. It provided for age verification and protections for compulsive gamblers. In 2008, he and Paul introduced H.R. 5767, the Payment Systems Protection Act, a bill that sought to place a moratorium on enforcement of the Unlawful Internet Gambling Enforcement Act while the United States Treasury Department and the Federal Reserve defined "unlawful Internet gambling". As a result of these efforts, Frank (who does not gamble) has become a hero to poker players and online gamblers, including many Republicans.[36]

Free speech

In 2006, Frank was one of only three Representatives to oppose the Respect for America's Fallen Heroes Act, which restricted protests (notably those of Fred Phelps' Westboro Baptist Church) at soldiers' funerals. He opposed the bill, which passed unanimously in the Senate, on civil liberties and constitutional grounds. Frank said of the vote, "I think it’s very likely to be found unconstitutional. It’s true that when you defend civil liberties you are typically defending people who do obnoxious things... You play into their hand when you let them provoke you into overdoing it. I don’t want these thugs to [make the] claim [that] America is hypocritical."[37]

Abortion

Frank has a 100% rating from NARAL. [38] He voted against the Partial-Birth Abortion Ban Act[39], against the Unborn Victims of Violence Act[40] and against the criminalization of the transportation of minors across state lines by non-family members to circumvent local abortion laws.[41]

Military spending

As of the 111th Congress, Frank is advocating a 25 percent reduction in the overall Military budget of the United States. "The math is compelling: if we do not make reductions approximating 25 percent of the military budget starting fairly soon, it will be impossible to continue to fund an adequate level of domestic activity...," wrote Frank. He claimed that such a significant reduction would have no effect on the United States' ability to defend itself. "If," he said, "beginning one year from now, we were to cut military spending by 25 percent from its projected levels, we would still be immeasurably stronger than any combination of nations with whom we might be engaged."[42] The U.S. military budget is almost equivalent to the rest of the world's defense spending combined, and is over eight times larger than that of China, the next biggest spender.[43]

House Financial Services Committee

Fannie Mae and Freddie Mac

In September 2003, Frank, then the ranking Democrat on the Financial Services Committee, opposed a Bush administration proposal for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities...are not facing any kind of financial crisis.... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."[44]

Conservative groups have criticized Frank for campaign contributions from Fannie Mae and Freddie Mac ($42,350 between 1989 and 2008). They further claim the donations influenced his support of their lending programs, and they have partially blamed Frank for not playing a stronger role in reforming Fannie Mae and Freddie Mac in the years leading up to the Economic crisis of 2008.[45][46] In addition, Frank's former partner, Herb Moses, was an executive at Fannie from 1991 to 1998, where Moses helped develop many of Fannie’s affordable housing and home improvement lending programs. In 1991, Frank pushed for reduced restrictions on two- and three-family home mortgages.[47] Frank and Moses' relationship ended around the same time Moses left the company; Frank's support of Fannie and Freddie predated and continued past that relationship.[48]

Frank has responded that he "opposed right-wing efforts to put Fannie Mae and Freddie Mac out of business, while simultaneously supporting strong regulation" and "voted against the [2005 reform] bill in protest of those restrictions, while making it clear that I was for the reforms it otherwise contained."[49] Lawrence B. Lindsey, former chief economic adviser to then-President Bush, states that Frank "is the only politician I know who has argued that we needed tighter rules that intentionally produce fewer homeowners and more renters."[50]

Chair of the House Financial Services Committee

Congressmen Ellison & Frank at Financial Services Field Hearing on Home Foreclosures in Minneapolis.

As chairman of the House Financial Services Committee, beginning in 2007, Frank "sits at the center of power".[11] Frank has been a critic of aspects of the Federal Reserve system, partnering with some Republicans in opposition to some policies.[51] Frank says that he and Republican Congressman Ron Paul "first bonded because we were both conspicuous nonworshipers at the Temple of the Fed and of the High Priest Alan Greenspan.”[51]

Frank has been involved in mortgage foreclosure bailout issues.[52] In 2008 Frank supported passage of the American Housing Rescue & Foreclosure Prevention Act intended to protect thousands of homeowners from foreclosure.[11] This law, H.R. 3221, was one of the most important and complex issues on which he worked.[11][53] Frank in an August 2007 op-ed piece in Financial Times wrote "In the debate between those who believe in essentially unregulated markets and others who hold that reasonable regulation diminishes market excesses without inhibiting their basic function, the subprime situation unfortunately provides ammunition for the latter view."[54]

Frank was also instrumental in the passage of H.R. 5244, the Credit Cardholders’ Bill of Rights Act of 2008, a measure that drew praise from editorial boards and consumer advocates.[55][56][57]

In 2007 Frank co-sponsored legislation to reform the Section 202 refinancing program, which is for affordable housing for the elderly, and Section 811 disabled programs.[citation needed] Frank has been a chief advocate of the National Housing Trust Fund[25], which was created as part of the Housing and Economic Recovery Act of 2008 and was the first affordable housing program to be enacted by the Congress since 1990.[58]

Personal life

Frank resides in a studio apartment complex in Newton, Massachusetts. His boyfriend, Jim Ready, 39, is a surfing enthusiast whom Frank met during a gay political fund raiser in Maine, where Ready still lives. [12] His sister is Ann Lewis, who served as a senior adviser in Hillary Clinton's 2008 presidential campaign.

Frank came out as gay in 1987, "prompted in part by increased media interest in his private life...."[3] Another Congressman from Massachusetts, Gerry Studds, became the first openly gay federal legislator in 1983, when it was revealed that he had had a relationship with a 17-year-old male page a decade earlier.[3] Frank's announcement had little impact on his electoral prospects.[59]

Bibliography

References

  1. ^ Project Vote Smart: Barney Frank
  2. ^ Same-Sex Marriage: Moral Wrong Or Civil Right?
  3. ^ a b c Kiritsy, Laura (May 31, 2007), "Happy Anniversary, Barney Frank!", EDGE{{citation}}: CS1 maint: date and year (link)
  4. ^ Jeff Jacoby Frank's fingerprints are all over the financial fiasco By Jeff Jacoby September 28, 2008 [1]
  5. ^ http://online.wsj.com/article/SB123137220550562585.html "Rep. Barney Frank of Massachusetts defended Fannie and Freddie as "fundamentally sound"..." Karl Rove January 8, 2009 President Bush Tried to Rein In Fan and Fred Democrats and the media have the housing story wrong [2]
  6. ^ "I’m not worried about Fannie and Freddie’s health, I’m worried that they won’t do enough to help out the economy," the chairman of the House Financial Services Committee, Barney Frank, Democrat of Massachusetts, said at the time. "That’s why I’ve supported them all these years — so that they can help at a time like this." Charles Duhigg The Reckoning Pressured to Take More Risk, Fannie Reached Tipping Point October 4, 2008 New York Times [3]
  7. ^ A Way With Words
  8. ^ A Liberal Wit Builds Bridges to the G.O.P.
  9. ^ Massachusetts Election Results, 1980 (PDF)
  10. ^ Clerk of the House of Representatives: 1980 election results (PDF)
  11. ^ a b c d John Gallagher, "Politics: A Broader Bully Pulpit: As Congress grapples with solutions for a faltering economy, Barney Frank sits at the center of power," The Advocate, September 9, 2008, p. 24.
  12. ^ a b Benoit Denizet-Lewis, with photographs by Henry Leutwyler (01-13-09). "Harrumph! Barney Frank is smiling. Really. (front cover, pages 56-61)". The Advocate. Retrieved 2008-12-11. {{cite web}}: Check date values in: |date= (help); Italic or bold markup not allowed in: |publisher= (help)
  13. ^ http://www.washingtonpost.com/wp-srv/local/longterm/tours/scandal/gobie2.htm
  14. ^ http://www.time.com/time/magazine/article/0,9171,958598,00.html
  15. ^ Media Matters for America article, October 5, 2006, which cites the 'Boston Globe, 7/27/1990, as well as the Ethics Committee's report, 7/20/1990.
  16. ^ Committee on Standards of Official Conduct, Page 37 -"In numerous instances where an assertion made by Mr. Gobie (either publicly or during his Committee deposition) was investigated for accuracy, the assertion was contradicted by third-party sworn testimony or other evidence of Mr. Gobie himself."
  17. ^ "What to do about Barney Frank // Congress faces nasty confrontation on handling sexual misconduct", Rowland Evans, Robert Novak. Austin American Statesman. Austin, Tex.: Oct 17, 1989. pg. A.8 "Word spread through the GOP cloakroom that Rep. Larry Craig of Idaho was standing firm inside the Ethics Committee."
  18. ^ "Frank reprimanded for aiding prostitute" Elaine S. Povich, Chicago Tribune Chicago, Ill.: Jul 27, 1990. pg. 4 "The ethics committee, officially known as the Committee on Standards of Official Conduct, had unanimously recommended that Frank be reprimanded and Frank did not contest the charge. But the committee was severely split, took months to make up its mind on the punishment, and during the vote Thursday three GOP members of the panel — Reps. Thomas Petri of Wisconsin, Larry Craig of Idaho and Jim Hansen of Utah — voted for censure, the more severe sanction."
  19. ^ FINAL VOTE RESULTS FOR ROLL CALL 271
  20. ^ "Representative Frank Discloses He Is Homosexual", The New York Times, May 31, 1987, retrieved 2008-10-19
  21. ^ Rich, Frank (February 2, 1995), "Journal; Closet Clout", The New York Times
  22. ^ Out4Immigration - History of LGBT & Immigration
  23. ^ "Frank Part of Starr Review". PlanetOut Inc. 1998-09-09. Retrieved 2007-10-25.
  24. ^ "Best and Worst of Congress", 01 September 2006. Retrieved November 29, 2006.
  25. ^ a b Barney's Great Adventure | The most outspoken man in the House gets some real power
  26. ^ a b Statement of U.S. Representative Barney Frank on the Inclusion of people who are Transgender in Antidiscrimination Protection Legislation
  27. ^ LA Weekly
  28. ^ ""Episode Guide - episode 86"". HBO. October 20, 2006. Retrieved 2008-02-26.
  29. ^ house.gov
  30. ^ drugscience.org
  31. ^ NJ.com, "Barney Frank: Let's decriminalize marijuana"
  32. ^ CNN Newsrrom: President Bush, Dems Spar Over Energy; 5.4 Magnitude Quake Rattles Los Angeles; Attacking Obama's 'Celebrity'; Rep. Barney Frank's Marijuana Bill July 30, 2008 interview.
  33. ^ Thomas (Library of Congress): HR 4777
  34. ^ Thomas (Library of Congress): HR 4411
  35. ^ Thomas (Library of Congress): HR 2046
  36. ^ Viser, Matt (July 13, 2008), "Unlikely ace for online gambling", The Boston Globe
  37. ^ Anna Margolis, Anna (May 11, 2006). "Rep. Frank Votes Against "Respect for America's Fallen Heroes Act"". HubPolitics.com. Retrieved 2006-11-29.
  38. ^ http://www.prochoiceamerica.org/choice-action-center/in-congress/congressional-record-on-choice/barneyfrank.html
  39. ^ http://clerk.house.gov/evs/2003/roll530.xml
  40. ^ http://clerk.house.gov/evs/2004/roll031.xml
  41. ^ http://www.ontheissues.org/MA/Barney_Frank.htm
  42. ^ Frank, Barney (2009-02-11). "Cut the Military Budget". The Nation. Retrieved 2009-02-15. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  43. ^ "World Military Spending". Global Issues That Affect Everyone. 2006-03-27. Retrieved 2009-02-16.
  44. ^ Stephen Labaton (Published: September 11, 2003). "New Agency Proposed to Oversee Freddie Mac and Fannie Mae - New York Times". Query.nytimes.com. Retrieved 2008-10-05. {{cite web}}: Check date values in: |date= (help)
  45. ^ Media Mum on Barney Frank's Fannie Mae Love Connection
  46. ^ Barney Frank blocks reform attempts
  47. ^ Bill Sammon (October 3, 2008). "FOXNews.com - Lawmaker Accused of Fannie Mae Conflict of Interest - Politics | Republican Party | Democratic Party | Political Spectrum". Foxnews.com. Retrieved 2008-10-05.
  48. ^ "Media Mum on Barney Frank's Fannie Mae Love Connection". Businessandmedia.org. Retrieved 2008-10-05.
  49. ^ Congressman Frank's Letter To The Editor Replying To False Republican Accusations Concerning Fannie Mae And Freddie Mac
  50. ^ The KISS Rule for Markets>
  51. ^ a b Caldwell, Christopher (2007-07-22). "The Antiwar, Anti-Abortion, Anti-Drug-Enforcement-Administration, Anti-Medicare Candidacy of Dr. Ron Paul". New York Times. Retrieved 2007-08-05. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  52. ^ Louise Story, "Lawmakers Debate Pitfalls of Loan Modification," New York Times, November 13, 2008, p. B3, found at NY Times website.
  53. ^ Information about the American Housing Rescue & Foreclosure Prevention Act from the House Financial Services Committee official website
  54. ^ A (sub)prime argument for more regulation
  55. ^ Plastic Card Tricks, New York Times editorial, March 29, 2008
  56. ^ The Fed Aims at Credit Cards New York Times editorial, May 3, 2008
  57. ^ Press release on the Credit Cardholders’ Bill of Rights from the House Financial Services Committee official website. Accessed August 22, 2008.
  58. ^ National Housing Trust Fund
  59. ^ Pierce, Charles P. (Oct. 2, 2005), "To Be Frank", Globe Magazine {{citation}}: Check date values in: |date= (help)CS1 maint: date and year (link)

Articles

U.S. House of Representatives
Preceded by Member of the U.S. House of Representatives
from Massachusetts's 4th congressional district

January 3, 1981 – present
Incumbent
Political offices

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