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November 28, 2011

Really Bad News for Financial Reform

The Champaign corks are popping on Wall Street this morning as it was disclosed that Barney Frank, the former Chairman of the House Financial Services Committee and co-author of the Dodd-Frank Wall Street Reform and Consumer Protection Act, will not run for re-election. 

No one has been a stronger defender of the Dodd Frank Act and of financial reform more generally than Congressman Frank, who has been the ranking Democrat on the Financial Services Committee since the Republicans regained control of the House in 2010.  

His staff announced that Congressman Frank will hold a press conference at 1 today in Massachusetts to both announce and explain his decision. 



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