Posted on 01/13/2016 3:50:20 PM PST by Alter Kaker
As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple.
"Sweetheart, Iâd like us to liquidate our entire net worth, liquid net worth, and put it into the campaign," he says he told his wife, Heidi, who readily agreed.
But the coupleâs decision to pump more than $1 million into Mr. Cruzâs successful Tea Party-darling Senate bid in Texas was made easier by a large loan from Goldman Sachs, where Mrs. Cruz works. That loan was not disclosed in campaign finance reports.
(Excerpt) Read more at nytimes.com ...
LOL!
Exactly right. If he were to become the nominee, thirty seconds later the bombardment would begin.
“Mr. Trump, you’re representing conservatives, but what do you say about your past (insert progressive stance/view/statement here)?”
And there’s an endless wealth of material.
The guy got a LOAN, someone thought he was good for it.
Again, not a crime.
The NY Slimes is full of garbage.
Just like the whiners about Trump trying to hire seventy foreign workers at a hotel earlier this year...all legal, all above board.
Hitlery is a murderess, Hussein turns his back on the American people, and the NY Slimes doesn't give a damn.
Cruz get a loan, and I'm supposed to think it is a scandal?
Shove it.
You said: âTrump did roll personal debt into those bankruptcies.â
Ok....this statement from your link disproves the point you were making....it doesn’t say “âTrump did roll personal debt into those bankruptcies.â
“Worse, $830 million of the debt carried his personal guarantee. Creditors, if they wanted, could force him into personal bankruptcy. “
‘Personal Guarantee’........is not what you stated. The creditors DID agree to the Chap. 11 reorganizations. Trump didn’t lose his personal wealth. And as CEO of ANY company, he was certainly entitled to draw a salary while he reorganized those companies.
Remember, ALL those banker ceos drew off a lot more $$ than Trump was taking from HIS companies.
All bankrupcies are not liquidations.
Not only our government.
;)
Mrs. Cruz had/has a big job at GS, she probably took a loan against a large bonus that she was expecting.
I don’t put much stock in comments from a person who said that Trump’s opposition is based on “religious crap.”
It is when it was not disclosed.
Why not let Cruz explain and fight this? I thought he was a fighter with a knife in a moat? Why does he need an old woman protecting him?
So instead of forcing him into personal bankruptcy, they rolled the $830 million into the corporate bankruptcy.
Further along in the article:
But Mr. Trump was fast leaving his troubles behind. In 1995 he cut a deal with banks that wiped out the last of his personal debt.
He paid less than half of the roughly $110 million he owed, according to a person familiar with the matter.
So yes, the article confirms that Donald Trump indeed rolled personal debt into those bankruptcy proceedings.
Hey, you gutless coward, I told you once before to ping me when you go behind my back to accuse me of having another Freep identity. Come to think of it, ping her, too.
Cincinatus' Wife, I found out today that you and I are the same person. Reach down there and grab that pen I dropped, would you?
I have a feeling you’re old enough to be my mother. You certainly come across as a snappish old granny.
Go eat some rice pudding and you’ll perk up.
My understanding is that it was disclosed on the Senate Ethics filings. However, if the article is correct the campaign did make an error in failing to file it with the FEC. However, I think this is more of a mistake on paperwork than any conspiracy by the campaign. Since this loan was fully secured with personal collateral and was given at a normal interest rate.
Heidi Cruz has not returned to government since joining Goldman Sachs. She works in the Investment Management Division for the Southwest US.
The loan was against the assets in the Cruz’s money market account. So, the bank was fully secured - this was just a tool for them to monetize their investments without having to liquidate them immediately.
And yet his entire life, Ted has worked for limited government causes, being part of far more events that made actual substantive changes than every talking head on this discussion board combined, and you think your empty impressions of his wife's career magically changes all that he has done, and all that he has spent his lifetime focused on?
None are so blind as those ho will not see.
Why hide it?
Y'all in good company. "Occupy", Bernie Sanders, DailyKos, and DU think jes' the same thing.....
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