House of Representatives, and Elizabeth Warren, who is battling Republican Scott Brown for his U.S. Elizabeth Warren two key architects of the post-2008 system of Wall Street regulation are at odds over what’s dragging down banks once again. After retiring from Congress, he supported a change to his own law that. The evening wedding took place at the Boston Marriott Newton in suburban Boston, attracting political luminaries including Nancy Pelosi, top Democrat in the U.S. Barney Frank was one of the people most responsible for overhauling financial regulation after the 2008 economic crisis. Frank and Ready have been involved since 2007. First elected to Congress in 1980, Barney Frank is known as a superb legislator and a pragmatic politician whose sharp intellect and sense of humor has made. Ready lives in Ogunquit, where he does carpentry, painting and welding work. President Barack Obama signed into law in 2010 in the wake of the financial crisis following the collapse of the sub-prime mortgage market.įrank’s office in January announced he would marry Ready, whom he met at a political fundraiser in Ready’s home state of Maine. As one of the first openly gay members of Congress and a lifelong fighter. Veteran lawmaker Barney Frank married longtime boyfriend Jim Ready on Saturday night in Newton, Massachusetts, becoming the first sitting member of Congress to marry to a partner of the. He is well known for his legislative acumen, including as an architect of the reforms in the Dodd-Frank bill, which U.S. Barney Frank became the first sitting member of Congress to enter into a same sex marriage on Saturday evening. After retiring from Congress at the end of 2012, Barney Frank sat down to write a political memoir. “It was no different than any other wedding I’ve attended when you have two people who are in love with each other,” Green said.įrank, a Massachusetts Democrat and a former chairman of the powerful House Financial Services Committee, has been an openly gay congressman since the late 1980s. After exchanging their vows, Frank and Ready embraced each other, Green said. From the battle over AIDS funding in the 1980s to the 2008 financial crisis, Barney Frank played a key role, and in this feisty and often moving memoir, he candidly discusses the. He added that Frank, a champion of gay rights and the sweeping reform of Wall Street, shed a tear during the ceremony. Frank: A Life in Politics from the Great Society to Same-Sex Marriage is his account of America’s transformationand the tale of a truly momentous career. While Frank never officially registered as a lobbyist, he had publicly argued that Dodd-Frank’s 50bn threshold for triggering greater regulatory oversight was too low. “Barney was beaming,” said Green, who attended the ceremony. Deval Patrick officiated the ceremony and added some levity by saying Frank, 72, and Ready, 42, had vowed to love each other through Democratic and Republican administrations alike, and even through appearances on Fox News, according to Al Green, a Democratic congressman from Texas. Barney Frank wed his longtime partner, James Ready, on Saturday, becoming the first sitting congressman to enter into a same-sex marriage. And second, as a director of the New York bank, one might expect Frank to behave like almost all other directors, which is to say, to remain mum.Congressman Barney Frank Weds Longtime Partner James ReadyĬongressman Barney Frank, 72, married his boo, James Ready (who is 42) this weekend…ĭemocratic Rep. For one thing, Frank was on the board of Signature Bank- closed by regulators on March 12-which has, up to now, been a kind of sideshow next to failed Silicon Valley Bank or even the still-struggling First Republic Bank. Barney Frank and his husband, James Ready, are suing a construction contractor who they said abandoned the building of their home in Maine. WELLS, Maine-As we sort through the banking sector mess, perhaps no character has emerged (or really, re-emerged) with a higher profile than Barney Frank, which is curious for a number of reasons. And second, as a director of the New York bank, one might expect Frank to behave like almost all other directors, which is to say, to remain mum. For one thing, Frank was on the board of Signature Bank- closed by regulators on March 12-which has, up to now, been a kind of sideshow next to failed Silicon Valley Bank or even the still-struggling First Republic Bank. ![]()
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