Nearly two weeks after announcing his presidential bid, Texas Gov. Rick Perry has displayed Texas-size ambition and signs of early success in raising the large sums necessary for a national campaign. But unlike other candidates, Perry may not have ready access to one lucrative source of support: Wall Street.Perry will be hamstrung by new Securities and Exchange Commission rules that inhibit donations from financial services company employees to sitting governors. The regulations are intended to limit contributions that could influence state contracting decisions.
For this and other reasons, Perry is likely to be more reliant on a familiar network of corporate and construction barons and conservative fundraisers who backed his campaigns for governor, as well as a cluster of "super PACs," the new entities that can legally raise unlimited sums from wealthy donors, including corporations, for independent campaign efforts.
via latimes.com
