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Rep. Barney Frank, the first openly gay serving member of Congress and a powerful Democrat whose name is attached to the sweeping Wall Street reform bill, will announce today he doesn’t plan to seek reelection.

Frank became the first openly gay member of Congress six years after he first took office, coming out in 1987 and breaking an important barrier in American politics.

He survived scandal to become one of the most powerful Democrats on Capitol Hill during 30 years in office. The Massachusetts congressman chaired the House Financial Services Committee when Democrats were in the majority from early 2007 until early 2011, becoming the main House Democrat overseeing the financial industry during one of the most turbulent economic eras of U.S. history.

For full article: http://news.yahoo.com/barney-frank-leave-congress-152402907.html

So, is Barney afraid of a strong opponent, a challenge to his “power”, or is he afraid of the scrutiny as a result of his many “bank” dealings over the years….. just a thought!!!???

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Related: Barney Frank’s “NON-Comment” on Weiner Gate

Last week I interviewed an investor who buys foreclosed properties and rents them out long-term for solid returns. He claims that’s the only way to right the housing market — get long-term investors to eat up the excess inventory. The biggest roadblock, however, is credit. Fannie Mae and Freddie Mac both limit the number of investor mortgages.

Foreclosure
Fuse | Getty Images

Multiple sources now tell me that the Administration, specifically over at the Department of Housing and Urban Development, is considering ways to get more investors into the housing market, possibly with the help of Fannie and Freddie. HUD would not confirm that, but Fannie Mae’s chief economist Doug Duncan said it is definitely on the table both at HUD and at Fannie

For full story:  http://www.cnbc.com/id/40590863

from New York Times:

Save Florida Homes Inc. and its owner, Mark Guerette, have found foreclosed homes for several needy families here in Broward County, and his tenants could not be more pleased. Fabian Ferguson, his wife and two children now live a two-bedroom home they have transformed from damaged and abandoned to full and cozy.

Foreclosure
Photo: Jeff Turner

There is just one problem: Mr. Guerette is not the owner. Yet.

In a sign of the odd ingenuity that has grown from the real estate collapse, he is banking on an 1869 Florida statute that says the bundle of properties he has seized will be his if the owners do not claim them within seven years.

A version of the same law was used in the 1850s to claim possession of runaway slaves, though Mr. Guerette, 47, a clean-cut mortgage broker, sees his efforts as heroic. “There are all these properties out there that could be used for good,” he said.

The North Lauderdale authorities, though, see him as a crook. He is scheduled to go on trial in December on fraud charges in a case that, along with a handful of others in Florida and in other states, could determine whether maintaining a property and paying taxes on it is enough to lead to ownership.

full article: http://www.cnbc.com/id/40088963//

     Florida has a new Governor in Rick Scott. John Kasich is Ohio’s new Governor.  Rand Paul and Marco Rubio, along with Pat Toomey narrowed the gap in the Senate, while Harry Reid was able to maintain his long held seat. John Boehner has expressed that now is not the time for celebration, but the time for work. In the Governor’s mansions, the House and the Senate, the state Legislatures, even the local level governments, the voters have voiced their message that had been ingnored, and now We The People have been heard.

     But where to from here?

     Compromise? Bipartisanship?

     From here, each and everyone of us, as Americans, must realize that this is our moment, this is our time, we are THE PEOPLE we’ve been waiting for. Yes, it is the rhetoric of President Obama, but now that rhetoric has its true meaning.

     Less Government; Less infringement on our freedoms. Capitalism not Socialism. Simplification of our tax code. Repeal and replace Obamacare.

     The road ahead will not be easy. The decisions that will affect each of us may require sacrifice. As Social Security and Medicare are addressed, we must realize that we must keep our promise to our Senior Citizens, but at the same time revamp the system for those who are at the younger end of the workforce. But we must realize that every aspect of government MUST be analyzed as to its purpose, effectiveness, productivity.

       We must accept the challenge ahead so that America’s best days lie ahead of us, not behind us. We must make sure that our President realizes we truly are the leader, and not accept second best. American exceptionalism is NOT something that we should cower from, but accept with great pride.

      The pundits will have their say on last nights results, each side declaring a victory because of this result or that result. November 2nd was not a victory, but a historical point in time where Americans of every ideology realized and understood that we cannot continue on the Progressive path that the Obama agenda was running upon, but that we must return to the core values that our forefathers depended upon as the wrote the Declaration of Independence and framed our Republic in the Constitution.

      It is my prayer that our leaders will heed the will of the people, and that We The People will accept the challenge that lies ahead. The work begins today.

Like a movie shown out of focus and at a high rate, the election in Massachusetts’s Fourth Congressional District has been exhilarating but difficult to appreciate fully. However, in the last week, the film has slowed and there is a laser-like focus to the race. Massachusetts will do it again. A little-known but young, intelligent, and energetic candidate will transfer a seat thought to be impregnable by the Democrats and the pundits into the Republican camp.

Support for this prediction is both objective and subjective. Recent polling shows that the race has narrowed to a gap that is well within the range that cannot be measured accurately by polling. Moreover, the polls show that Bielat’s momentum has continued to build and that the momentum has occurred among crucial independents and in the usual Democratic strongholds in the southern part of the district. Frank’s support, which has been consistently below 50% (a crucial indicator of an incumbent’s chances), does not appear to be rising. The curve of Bielat’s support is on a vector to exceed Frank’s support before the date of the election.

For full article: http://pajamasmedia.com/blog/a-pre-election-day-prediction-massachusetts-will-retire-barney-frank/

http://dailycaller.com/2010/10/22/a-first-gay-group-runs-ad-against-democratic-candidates/

     Barney Frank has had to loan his campaign $200K. His opponent has closed the gap in the polls, and Charlie Cook is now calling the race between Frank and Sean Bielat “leaning Democrat” instead of solidly Democrat. So the colorful Congressman has had to go into combat-mode:

Rep. Barney Frank (D.-Mass.) is so freaked out over his boyfriend’s behavior and his own election troubles that he’s attempting to be nice to people, according to a columnist at the very liberal Boston Globe.

When Frank’s boyfriend Jim Ready was caught on tape heckling Frank’s Republican challenger Sean Bielat, Globe columnist Brian McGrory reports he phoned the liberal icon to ask if he condoned Ready’s behavior. (h/t Ace of Spades)

From the Globe report:

When I called Frank yesterday to ask if he condones his partner goading and mocking an opponent, he told me that “Jimmy’’ is a talented amateur photographer putting together a photo essay of the campaign.

When I asked if Frank planned to apologize for Ready’s behavior, Frank said: “Jim should have broken it off and not responded. But Bielat shouldn’t have initiated the conversation. I don’t see what was inappropriate about taking his picture.’’

I’ll mark that down as a no.

A few moments later, my phone rang again. It was Frank, adding, “Jim’s new to political campaigning. He takes it more personally than someone who’s used to it.”

After we hung up, Frank called again, saying, “You know, he calls me dude. I didn’t realize that was troubling people. He calls all sorts of people dude.”

There’s a larger point to all of this. For the last three decades, the political establishments in Boston and Washington have excused Frank’s consistently obnoxious behavior as Barney being Barney. Maybe they’ve done it because he was unique as an openly gay congressman. Maybe it was out of deference for the way he unapologetically and effectively carried the flag for the most liberal of causes. Maybe it was out of fear that he’d train his quick wit and substantial intellect against anyone who happened in his path.

What a difference a year makes.

for the rst of the story and videos: http://www.humanevents.com/article.php?id=39515