Obama Library Likely to Set Off a Fundraising Frenzy

The announcement Tuesday that Barack Obama will build his presidential library in Chicago did more than excite the South Side of the city. It also kicked off what's likely to become a fundraising frenzy.

Even if Obama doesn't raise any money himself—as he pledged not to do while in office—independent analysts fear that fundraising on his behalf still might create conflicts of interest in his final two years in the White House.

"Is this a problem? Absolutely," said Meredith McGehee, policy director at the Campaign Legal Center, a nonpartisan, nonprofit organization.