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More 2012: Frank-ly, my dear

MASSACHUSETTS: Congressman Barney Frank (D-MA) announced that he would not seek re-election next year. “The Newton Democrat faced the prospect of a bruising reelection campaign next year after surviving a brutal battle in 2010. He also would have run in an altered district that retained his Newton stronghold but encompassed more conservative towns like Walpole,” the Boston Globe writes. “In addition, Frank lost New Bedford, a blue-collar city where he had invested a lot of time and become a leading figure in the region’s fisheries debate.” On what he’ll do next, he said, “I will neither be a lobbyist nor a historian.”

The Globe puts together some of the best-of irascible Frank quotes.

“The retirement of Rep. Barney Frank (D-Mass.) has put in motion a potentially brutal fight for the top Democratic slot on the Financial Services Committee, raising sensitive issues of race, seniority and ties to a vilified financial sector,” Roll Call reports. “Allies of Rep. Maxine Waters (D-Calif.), a veteran member of the Congressional Black Caucus, are vowing ‘Armageddon’ if her seniority does not land her the top slot. She is next in line after Frank on the panel but faces a potential challenge from Rep. Carolyn Maloney (N.Y.). Waters made waves this year when she publicly criticized President Barack Obama, and she faces the possibility of an ethics trial next year.”

“Wall Street executives are bracing for the possibility that Rep. Maxine Waters will take over as the top Democrat on the House Financial Services Committee after Rep. Barney Frank (D-Mass.) retires,” The Hill writes. “Waters, an outspoken California liberal who is considered to the left of Frank on financial and housing issues, suggested in a statement Monday that she is laying the groundwork to become the senior Democrat on the panel.”