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Three Ex-SEC Chiefs Endorse Obama

David Ruder, William Donaldson and Arthur Levitt put faith in the Illinois senator to pull economy out of the hole.

Three former chairman of the U.S.

Securities and Exchange Commission

endorsed Sen. Barack Obama (D., Ill.) for president Wednesday. David Ruder and William Donaldson, appointed by Ronald Reagan and George Bush, respectively, joined with Arthur Levitt, who was appointed by Bill Clinton, issued a joint statement:

"We believe Senator Obama can provide the positive leadership and judgment needed to take us to a stronger and more secure economic future."

Obama, who also received an endorsement from former

Federal Reserve

Chairman Paul Volcker, has had no trouble getting Wall Street backing. The largest firms funding his campaign include

Goldman Sachs

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Merrill Lynch






Endorsements have been rolling in for Obama in recent weeks. Despite his drubbing Tuesday in West Virginia, Obama received two-and-a-half more supderdelegates Wednesday morning and has outpaced Sen. Hillary Clinton (D., N.Y.) since Super Tuesday.