As Fred Thompson's Entry Nears, Romney Taps Into His Own Wealth

(CBS) Is Fred Thompson Mitt Romney's worst nightmare?

That might be the case based on Romney's decision, announced Monday, to funnel some of his vast wealth into his already well-funded presidential campaign. Romney spent $2.5 million of his own cash to launch his bid, but since then has proven to be a prodigious fundraiser — in the first quarter of this year, he raised $23 million and is expected to again lead the Republican pack in the second quarter, which ends Saturday.

"One of the things I've had to do that you don't have to do if your name is McCain or Giuliani is introduce myself," Romney said at a news conference attended by The Boston Globe. "It would be nice not to have to loan or contribute to your own campaign, but the reality is if you want to have a strong campaign that gets out there and can talk across the nation, you're going to have to do what's necessary."

From CBS.com June 26, 2007 - Full Article HERE