As ranking minority member of the House Financial Services Committee starting in 2003, Frank strenuously opposed tighter regulation of Fannie Mae and Freddie Mac even as the warning signs of risky management and impending disaster became strong, and Republicans tried to take action. He accused his opponents of exaggerating the facts, the Republican reforms lost steam, and the result was the great recession we are still trying to shake off.
Not allowing a crisis go to waste, the disingenuous Frank then tried to cover up his mistakes with the Dodd-Frank "reforms" of 2010, which are nothing more than a Democrat wish list of ways to stifle economic recovery. Higher bank fees and layoffs are just a couple of inevitable consequences.
Like a sexually transmitted disease, Barney Frank was the gift that kept on giving. He will not be missed.