End run: Romney’s crafty financing

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The maximum donation a person can give a presidential candidate under federal law is $2,400. Yet Edward Conard, a Mitt Romney supporter, has already donated $90,000 to the former Massachusetts governor’s campaign apparatus.

Romney’s end run around the federal campaign finance rules is rooted in his status: He is a presidential aspirant, a hopeful, a wannabe. In other words, he is not yet an official candidate. And that’s what allows him and his campaign-in-waiting to straddle the boundaries of federal law.

It’s a loophole whose measure was tested and mastered by Romney in 2006, when he first established five state political action committees to underwrite the expenses of his federal headquarters and dole out money to local candidates in early primary states who could help his presidential quest.

Full Story: End run: Romney’s crafty financing – Jeanne Cummings and Andy Barr – POLITICO.com