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Ted Cruz Didn’t Disclose Loan From Goldman Sachs for His First Senate Campaign
New York Times ^ | January 13, 2016 | Mike McIntire

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, I’d 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 couple’s decision to pump more than $1 million into Mr. Cruz’s 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 ...


TOPICS: Breaking News; News/Current Events; Politics/Elections
KEYWORDS: cruz; goldmansachs; loan; tedcruz
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1 posted on 01/13/2016 3:50:20 PM PST by Alter Kaker
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To: Alter Kaker

Uh oh.....


2 posted on 01/13/2016 3:52:51 PM PST by ObozoMustGo2012
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To: Alter Kaker

A loan you have to pay back, is not a donation to be reported. A donation is a donation is a donation. A loan is not a donation.


3 posted on 01/13/2016 3:52:59 PM PST by Marcella (CRUZ (Prepping can save your life today))
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To: Alter Kaker

...and Ted didn’t have any problem taking Wall Street money did he?...


4 posted on 01/13/2016 3:53:11 PM PST by HarleyLady27 (.."THE FORCE AWAKENS"!!! TRUMP; TRUMP;TRUMP;TRUMP 100%....)
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To: Alter Kaker

At least he is not running a criminal crime fam “Foundation”.


5 posted on 01/13/2016 3:53:38 PM PST by Paladin2
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To: Alter Kaker

The failure to report the Goldman Sachs loan, for as much as $500,000, was “inadvertent,” she said, adding that the campaign would file corrected reports as necessary. Ms. Frazier said there had been no attempt to hide anything.


6 posted on 01/13/2016 3:53:46 PM PST by The Iceman Cometh (Trump & Cruz - Together, a Better America!)
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To: Alter Kaker

Also from 2012...

Cruz Mega-Donor is Gay, Pro-Pot Billionaire:
http://www.texastribune.org/2012/07/03/ted-cruzs-gay-billionaire-donor-draws-criticism/


7 posted on 01/13/2016 3:54:08 PM PST by SteveSCH
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To: Alter Kaker

These “loans” will come due and some banks may be willing to accept payment in the form of a future taxpayer bailout. This stinks!


8 posted on 01/13/2016 3:54:22 PM PST by patq
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To: Alter Kaker

Oh, dear God!!

LOL


9 posted on 01/13/2016 3:54:49 PM PST by CatherineofAragon ("Ted Cruz is the type of guy to swim across a moat with a knife in his teeth. He knows how to fight")
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To: Alter Kaker
OMG! TED CRUZ TOOK OUT A LOAN! THE SKY IS FALLING!

Next, you will be telling me that his company declared bankruptcy. Oh, wait . . .
10 posted on 01/13/2016 3:55:45 PM PST by Hoodat (Article 4, Section 4)
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To: patq

I think it says they’re already paid off. It’s in the article if you want to read it.


11 posted on 01/13/2016 3:59:02 PM PST by EEGator
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To: Marcella

I agree. This article is a no-starter with me.


12 posted on 01/13/2016 3:59:30 PM PST by UCANSEE2 (Lost my tagline on Flight MH370. Sorry for the inconvenience.)
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To: Alter Kaker

Bought and sold.

W Bush II

A big money slave masquerading as a compassionate evangelical Christian conservative.

He’s married to the woman who is married to Goldman Sachs.

And yet he claims the Establishment wants Trump not him lol


13 posted on 01/13/2016 3:59:41 PM PST by over3Owithabrain
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To: Hoodat

Sky isn’t falling but his presidential hopes will soon enough. They’re pretty low already.


14 posted on 01/13/2016 4:00:25 PM PST by over3Owithabrain
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To: HarleyLady27
...and Ted didn’t have any problem taking Wall Street money did he?...

Oh NOES!

WHAT ARE WE GOING TO DO!!!!
15 posted on 01/13/2016 4:00:44 PM PST by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: over3Owithabrain
Bought and sold.

Off course he is, because a card-carrying member of the Trump Personality Cult says he is!!!!
16 posted on 01/13/2016 4:01:50 PM PST by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: Hoodat

Cruz lied. Said he mostly self funded and liquidated his assets, but instead he took a loan from Goldman Sachs, the company which his wife worked for at the time.

Seems like NEW YORK values to me!


17 posted on 01/13/2016 4:02:40 PM PST by SteveSCH
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To: Alter Kaker
Bump so the Cruz fans can justify Ted's actions. I am sure creativity will be used and it will be impressive.

#Trump2016

18 posted on 01/13/2016 4:02:58 PM PST by LuvFreeRepublic
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To: SoConPubbie

Good name call!

PM your friends and come up with a new nickname for Trump or my screenname - that’s always good for a chuckle.


19 posted on 01/13/2016 4:03:22 PM PST by over3Owithabrain
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To: HarleyLady27

Wall Street has them there New York values! LOL


20 posted on 01/13/2016 4:04:34 PM PST by dforest
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