Barney Frank to Head CFPB?

Rep. Barney Frank might leave Congress rather than take a demotion to ranking member status on the House Financial Services Committee should the Democrats lose control of Congress this fall. This thought comes from banking analyst Chris Whalen who recently suggested that Frank might look to write the next chapter of his career by stepping in front of Elizabeth Warren and taking the reins of the newly created Consumer Financial Protection Bureau. (That is, if the Dems lose the House.) Whalen has worked on Capitol Hill, and at Bear Stearns during his career. Whalen's thoughts were first published on his blog and picked up by a website called Morning Money. After the piece ran, Frank said that Whalen's thoughts were delusional and that he fully supports Warren's ascension to head the CFPB. Meanwhile, Marix Servicing has been sold by its hedge fund parent. The full story is on the National Mortgage News website…