This news alone should drive the market 200 points:
Rep. Barney Frank (D-Mass.) will announce Monday that he is not seeking re-election, a spokesman said Monday morning.
Frank, the ranking member of the House Financial Services Committee was the architect with Sen. Chris Dodd (D-Conn.) of the sweeping financial reform bill that bears their names.
If there is any one single individual who is the face of blame for the housing bubble and the resulting recession, it’s Barney Frank.
Very good news that this man is retiring.