![]() While it remains to be seen how the current crisis will play out and what, if any, regulatory changes will be made, Frank’s legacy as a champion for financial reform is secure. Barney Frank married his longtime partner, Jim Ready, in Newton, Massachusetts on Saturday evening. Now, as the United States faces another bank crisis following the fallout of Silicon Valley Bank and Signature Bank, the legacy of Dodd-Frank and Frank’s role in passing the act is once again in the spotlight. Barney, now 82, remotely from his home in Ogunquit, Maine (where he resides with his husband, James Ready) for my podcast series, BAMMER and Me. The act was hailed by some as a necessary step to prevent another financial crisis, while others criticized it as overly burdensome and harmful to economic growth. The Dodd-Frank Act brought about a number of changes to the banking industry, including the creation of the Consumer Financial Protection Bureau and increased regulation of derivatives and credit rating agencies. Frank, who was then the chairman of the House Financial Services Committee, played a crucial role in crafting and passing the bill. This landmark legislation was passed in 2010 in the aftermath of the financial crisis and aimed to regulate the banking industry and protect consumers. Today, Frank is focused on what's important to him: his husband James, good food, and working on his upcoming book that explores the issues of democracy and equalizing economic conditions. These days, Frank is happily married to his husband, Jim. Frank recently made headlines because he and his husband are suing a construction contractor they say abandoned the building of their home in Wells. In many ways, their relationship has become a symbol of the progress that has been made in terms of LGBTQ+ rights in the United States.īarney Frank Sat on Board for Collapsed Signature Bank via The Amish Texter™ ❌□□ March 13, 2023īut beyond his personal life, Frank’s political achievements have been significant, particularly his role in passing the Dodd-Frank Wall Street Reform and Consumer Protection Act. When former Massachusetts Congressman Barney Frank was a kid the idea of gay couples living openly and getting married was but a dream. Some have criticized the couple for their significant age difference (Frank is 40 years older than Ready), while others have praised them for breaking down barriers and advocating for LGBTQ+ rights. He has also been involved in various community organizations and has served on several boards of directors, including the Portland Regional Chamber of Commerce.ĭespite Ready’s preference for a more private life, his relationship with Frank has been the subject of much interest and scrutiny. Ready has been a successful businessman, founding his own photography company, Ready Image Photography, in 1988. In fact, Ready has been known to shy away from the spotlight, preferring to focus on his own business ventures and interests. While Ready’s marriage to Frank has certainly garnered attention, he has largely remained out of the public eye. Of the country’s overall role in global affairs, Frank observed that it’s time to realize that “it’s not the responsibility of the United States to solve every problem in the world.”Ĭlick here to read Hartford Courant article.Also read | List of companies impacted by Silicon Valley Bank collapse Among the topics covered in the conversation were the Obama administration’s Iran nuclear proliferation proposal, immigration policies, decriminalizing recreational drugs, and the interesting dynamics of the upcoming presidential election. “It was the business community that turned the tide,” he said.įrank spoke on a number of issues before entertaining questions from the audience. ![]() In Indiana, business owners who were simply focused on turning a profit pushed back against faith-based exceptions for those whose religious beliefs would allow them to discriminate against gay couples. In speaking on the gradual acceptance of same-sex marriage, Frank, who married his husband, Jim Ready, in 2012, said that progress has come in unexpected ways. In his introduction, Congressman John Larson, who had invited Frank to East Hartford for the discussion and book-signing, called him one of those leaders who was “retired but still passionate” and said that congressional colleagues are proud to say they served with him. On August 19, Frank spoke to an audience of 70 members from the Goodwin College community about the progress he has seen - or not - on a number of national and world issues. representative Barney Frank is not afraid to speak his mind, and now, with his official political life behind him, he is sharing the cumulative wisdom of four decades as a national leader and opinion influencer in his memoir, Frank: A Life in Politics from the Great Society to Same-Sex Marriage.
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