WASHINGTON — To paraphrase the sage philosopher Mel Brooks, it's good to be the chairman of the Financial Services Committee, especially in an election year.

Congressman Barney Frank (D-Mass.) has more than $800,000 in his campaign treasury and an easy re-election race.

Even if the 28-year congressional veteran had a tough race–an unlikely scenario given that his state is one of only four that has an all-Democratic congressional delegation–he has the ability to raise money from businesses and individuals in the financial services community who want to curry favor with him and his committee.

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