Why hasn't anyone talked about before?
On his show this past Sunday, Steve Kornacki, host of MSNBC's UP w/ Steve Kornacki, outlined Chris Christie’s potential predicament he will find himself in if he plans to run for President in 2016. If Christie declares his candidacy for President after being reelected as NJ Governor this fall, it is extremely likely he would have to resign as governor so that he could raise campaign funds from Wall Street firms.
As a "result of two federal rules, one from the Municipal Securities Rulemaking Board dating back nearly two decades and the other from the SEC in 2011, that drastically curb the ability of employees of Wall Street firms to donate to governors seeking federal office and of the uniquely broad appointment powers that come with the New Jersey governorship. Put together, they have the potential to prevent Christie from raising millions of dollars from a cash-rich sector – the financial services industry – that has been particularly enthusiastic about him."
According to a new book written by Dan Balz,“Collision 2012”, Mitt Romney was very concerned about this issue last year when he courted Christie to be his vice-presidential running mate. When Romney asked Christie if he would resign as governor to be on his ticket, Christie laughed not realizing that Romney was serious - when Christie refused Romney turned to Paul Ryan.
Kornacki wrote about all this yesterday on Salon.com, it's an interesting read that New Jerseyan's should take a look at before deciding to vote for Chris Christie again in November, it's a potential game changer. If Christie runs for President and resigns one year after reelection than essentially, voters will be voting for Lt. Governor Kim Guadagon to be NJ's next governor, not Christie!
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