Its conclusion, stated in the article's headline, said: "Barney Frank didn't cause the housing crisis."įannie Mae fought aggressively to minimize federal regulation of its activities and attempts to tax its profits.
Shortly after Frank announced his imminent departure from Congress, the Washington Post published an article exploring the congressman's effect on the 2007 housing crisis. Congress, Frank became well-known for his involvement in the House's Financial Services Committee and mortgage foreclosure bailout issues. In his 32-year career as a member of the U.S. According to Edge Boston magazine, another catalyst for Frank's revelation was increased media interest in his private life after former Republican Maryland Congressman Bob Bauman was ousted from his seat following an arrest for soliciting an underage male prostitute. "I don't want that to happen to me," Frank told the Washington Post. Frank, the first congressman to ever publicly announce his homosexuality, said that one of his reasons for doing so was that he did not want to end up like closeted bisexual Republican Connecticut Congressman Stewart McKinney: After McKinney's death, on May 7, 1987, media speculation arose regarding whether or not he was gay. Coming Outįrank opened up about his homosexuality to friends before he ran for Congress, but he concealed his sexual preference from the public until May 30, 1987. He announced in November 2011 that he would not seek re-election the following year. House of Representatives 4th Congressional District seat, which he continued to win every election thereafter. He also published articles on public affairs and politics.īy the late 1970s, Frank decided to pursue higher office-and in 1980-he ran for and won the U.S.
In 1979, he passed the bar exam in Massachusetts.ĭuring his time in state government, Frank taught part-time at his alma mater and several other universities, including Boston University. In 1972, Frank served on the Massachusetts House of Representatives for eight years while attending Harvard Law School. He then became chief assistant to Boston Mayor Kevin and worked for Massachusetts Congressman Michael Harrington. Despite the incident, Frank's parents instilled in him and his three siblings "a belief in the power of the government to do good," according to a January 2009 article in The New Yorker.įrank graduated from Harvard College in 1962 and later earned his Doctor of Philosophy degree in government while teaching undergraduate classes. His father ran a Jersey City truck stop and later served a year in jail for refusing to testify against his brother, who was involved in a kickback scheme. Born Barnett Frank to Elsie and Samuel Frank, Barney grew up in Bayonne, New Jersey. Massachusetts Congressman Barney Frank (D) is considered one of the most prominent gay politicians in the United States. He married his longtime boyfriend, Jim Ready, in July 2012.
Frank worked at length on the American Housing Rescue and Foreclosure Prevention Act, which was passed in 2008.
Congressman in 1980 and publicly announced his homosexuality in 1987. Barney Frank was born on March 31, 1940, in Bayonne, New Jersey.
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