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Barney Frank’s retirement: What it means for House Financial Services panel


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Washington Post:

The news that Rep. Barney Frank will retire at the end of his term in 2012 sets off an internal scramble among Democrats to succeed the longtime Massachusetts lawmaker as the ranking member on the Financial Services Committee.

Since 2003, Frank has served as the top Democrat on the powerful 61-member panel, the second-largest of the House’s 20 standing committees. (Armed Services is the largest, with 62 members.) The committee has broad oversight over the banking, housing, insurance and securities sectors as well as over federal monetary policy and international finance.

The Democratic Steering and Policy Committee typically nominates members for the next Congress’s committee posts during the previous Congress’s lame-duck session. The full Democratic caucus then votes to confirm the nomination.

While most congressional committee spots are typically determined through the seniority system, the task of determining Frank’s successor is not likely to be a simple one.

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No matter who 'wins', more are going to be upset than happy.
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After almost single handedly engineering the collapse of the greatest economy on earth, the POS calls it quits.

Good riddance to vewey vewey bad rubbish.

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After almost single handedly engineering the collapse of the greatest economy on earth, the POS calls it quits.

Good riddance to vewey vewey bad rubbish.

 

 

If you like Barney...wait till you get a load of his Replacement

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After almost single handedly engineering the collapse of the greatest economy on earth, the POS calls it quits.

Good riddance to vewey vewey bad rubbish.

 

 

If you like Barney...wait till you get a load of his Replacement

 

 

I actually look forward to Maxine getting the senior democrat seat. Imagine what it will be like for the image of the Democrat party when she gets more press time. :D

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