Former Democrat Rep. Barney Frank has passed away.
He was 86 years old.
Last month it was reported that Barney Frank was in hospice care at his home in Maine, where he resided with his husband.
Frank was suffering from congestive heart failure.
The Massachusetts Democrat died on Tuesday night, according to his friend Jim Segel.
The AP reported:
Barney Frank, the longtime Democratic congressman and leading liberal who brought new visibility to gay rights and crafted the most significant reforms to the financial system in a generation, has died. He was 86.
Frank died late Tuesday, according to Jim Segel, Frank’s former campaign manager and close friend.
Earlier this month, a frail looking Frank spoke with Jake Tapper on CNN’s “State of the Union” on Sunday and warned his party about drifting too far left.
Barney Frank was one of the Democrat Reps who authored the Dodd-Frank bill, which was put in place after the 2008 bank crash.
The government arguably caused the failure and then turned around and put in a massive amount of regulations in response to the failure.
The Dodd-Frank bill put enormous strain on smaller banks, and eventually, some of the regulations were rolled back.
Ironically, Barney Frank sat on the board of Signature Bank, a New York-based commercial bank that collapsed in 2023 after depositors withdrew money in a panic amid a string of bank failures.
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