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Former senator and current banker Phil Gramm of Texas -- well-connected to big donors but controversial for his role in preventing tighter regulation of Wall Street -- told The Huffington Post yesterday that he is endorsing his former student and political protege, Texas Gov. Rick Perry.
The endorsement is not a surprise, but it is a mixed blessing.
"I'm for Rick and I will do what I can to help," Gramm said in an interview in Detroit. "He has been an effective governor. He is a determined guy from a small town who knows how to get things done."
Elected three times to the U.S. Senate and a presidential contender in 1996 (he tied with Sen. Bob Dole in Iowa), the former Texas A&M economics professor's visibility has faded in the raucous arena of Texas politics.
http://www.huffingtonpost.com/2011/08/13/phil-gramm-endorses-rick-_n_926133.html