Posted on 01/16/2016 1:42:16 PM PST by Red Steel
I guess Cruz should have kept his money under the mattress. Then everyone would be really impressed
Oh gee, I really don’t know.
My heart goes out to you folks.
Cruz is going down, and I know it’s very hard to take.
Best of luck to you.
I'm well familiar with the five counties that are contained within NYC and the fact that NYC wags the dog in Albany.
And it went out to 5.7 million followers, and millions of others who have seen it themselves or through the media.
And Trump spent nothing to make it happen.
Trump is a resourceful person.
He doesn't need to beg NYC highrollers and small donors.
Filing a business bankruptcy is NOT like filing personal bankruptcy.
You don't walk away from business loans....they are restructured at higher interest rates and are required to be paid off.
Cruz principles do not change.
Trump changes his beliefs so often he could power Manhattan if you wrap copper coils around him.
EXCERPTED FROM CONSERVATIVE TREEHOUSE The FEC forms were the only way Texas voters could have known about the loans. Obviously, if the Texas electorate discovered candidate Cruz was using his connections to Goldman Sachs and Citibank (CitiGroup), while simultaneously campaigning against the same institutions, his political opponents would have been able to point to a particular ideological hypocrisy in that regard.
However, this is actually the BIGGER issue. Why does the FEC require a federal candidate to disclose a loan taken out to finance their campaign?
<><> The FEC requires candidates to disclose bank loans taken out to finance their bids for office simply because such loans can be used to subvert campaign finance laws.
<><> If a candidate takes out a loan, in any amount, any entity can repay the loan on the candidate/s behalf – and that’s a way to subvert rules on the amount of contributions.
<><> If, as an example, those who control/influence policy objectives within Goldman Sachs wanted to hold influence upon a candidate, they could simply loan him/her money and then allow repayment by their own group. This is also why FEC rules only allow candidates to take out loans, to finance campaigns, that have traditional collateral to back them up.
Think about it this way. A candidate has $500,000 in traditional assets: a house, bank account, investment account etc. That candidate is, by FEC regs, allowed to take out a $500k loan against such assets. This is traditional loan/collateral, equity, considerations.
A candidate CANNOT, however, take out an unsecured signature loan for their campaign. If a candidate could take out an unsecured signature loan, it opens the door wide open to corrupt exploitation by external influence.
The candidate with $500k in assets, or a Manchurian candidate with zero in assets, could be given a $2 million loan – which the loan originator would not expect to get back. In this example, third parties, who are part of the influence equation, could pay back the loan on the candidate/s behalf, avoid FEC/public scrutiny and hold influence over what the elected political official does in office.
====================================================
Was this second scenario a method for Wall Street, via Goldman Sachs, to put the Ivy League educated husband of one of their employees into office, simply to insure that as a U.S. Senator he was friendly to their interests?
BACKSTORY At the time Cruz got his hands on over a million dollars from his hefty margin account at G/S......he was whining in the media, telling Texas voters that that he and his faithful little wife were having to liquidate their entire family savings (of slightly more than $1 million) to fuel a come-from-behind win in the Republican primary.
The Cruz tale has become legendary.....part and parcel of Cruz/s campaign narrative of a populist, scrappy Cruz putting everything on the line to overcome a wealthy establishment opponent.
(JUST SAYIN Most people would not have over a million dollars that they could easily liquidate on some cheap whim of being the prez.)
==============================================
Cruz/s belated disclosure of the loan was bombshell. In what was clearly a pre-meditated move (to give himself cover), Cruz did disclose the G/S loan....BUT not on the FEC form required by law. Now he will amend the FEC form.
The G/S loan is a bigger problem for Cruz than most candidates b/c of the way he/s structured his campaign.
He fashions himself as a homegrown guy w/ working class values, a harsh critic of big banks and Wall Street....says he/s just a Texas rube who/ll never have his name on a plane.
But wait a sec.....the whopper G/S loan makes Cruz look like more and more like a slickster....a slick pol, a powermonger who/ll go against his own principles to get into office.
Besides, Cruz/s drumbeat for H-1B/s never mentions that he was on the hook to H-1B user Goldman Sachs (big employers of H-1B/s) for over a million.
Ut oh ...apparently Ted has more than one New York bank loan floating around according to the Conservative Treehouse.
I guess we get Ross Perot with and ego this time.
Is it still a failure to live up to the terms of a contract. The lender is still forced into a burdensome circumstance against their will. It is endemic of a personality that is untrustworthy. Broken marriage vows are additional evidence of an untrustworthy character. Four bankruptcies and three marriages are seven reasons that point to Trump being someone that can not be trusted to keep his word, his vows or his contracts. He has no conservative record and a long record of broken commitments, yet we are supposed to trust him in the most powerful office of all? Are we really that gullible to let reason and due caution be eclipsed by celebrity?
Again - he borrowed against his own securities. That has nothing to do with his views on Wall Street (which BTW are nowhere near what you are making them out to be).
Trump can’t rail against Wall Street, they have bailed him out too many times.
Is Trump trying to tell us that he doesn’t know what a margin loan is?
Of course he does. He also well understands an opening for a political attack, doesn’t he, lol.
There is a reason Cruz did not disclose the source of his loan
from Goldman Sachs.
He listed it as a loan from himself, which was untrue.
GO TRUMP!
Leni
Yeah real estate loans and loans to fund a political campaign are totally the same thing. Right.
Everyone needs to get out to their caucus sites on February 1, 2016 & VOTE TRUMP! Never been before? Have questions?...Posted by Donald J. Trump on Saturday, January 16, 2016
USING his wife..... This is while he is attacking crony capitalism on Wall Street in 2008! He’s taking loans from the biggest violators.
Cruz is allied with GOPe. That’s why he changed his position on the NSA spying right b fore the debate. He was originally against it, and now he is for it like GOPe.
The Establishment is going to use Cruz like a tampon to divide conservatives. It’s sallied divide and conquer.
Then once they are done with Cruz, the. they will disqualify him via a shopped judge with the DNC. The law suits challenging Cruz’s eligiblty comes out next week.
Cruz is done. His BIGGEST MISTAKE was attacking Trump.
Exactly!
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