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 ...
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.
Sorry, I plainly saw U. S. Senator Ted Cruz campaign for Obama’s TPA. Apparently you where asleep those weeks during the TPA debate when Cruz insisted we had to pass a bill to see what was in it. Gee, where did we hear that before?
And if he paid it back it was SELF FUNDED.
His entire life! He’s 41!
and?
“A loan you have to pay back, is not a donation to be reported.â€
Uh, apparently not:
“The failure to report the Goldman Sachs loan, for as much as $500,000, was “inadvertentâ€, she said, adding that the campaign would file corrected reports as necessaryâ€
...
Correct, however, the larger loan appears to have been a margin loan which is very easy to come by and wouldn’t require any favoritism from Goldman Sachs, or require a favor to be returned. It’s a simple and quick way to liquefy one’s equity holdings without selling them. It’s not a big deal.
I t was a margin loan taken on their securities acccout..which can be used for buying stock or for anything else. The article explains that Cruz had a million dollar a year income from his law firm.
‘He got a loan from a bank. Hate to brake it too you but that is not news.’
Why didn’t he disclose the loan in campaign finance reports?
Oh please!
Thank you. I knew that. I was responding to someone who was talking about the Goldman Sachs infestation of government by having their people placed as "experts".
“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.
...
A margin loan is a way to liquefy equity holdings so he was telling the truth. The NYTimes, as usual, can cram it.
Cite?
Heidi was a Goldman VP for 7 years. She is now on leave. Why not quit?
That is why I don’t see it as a big deal.
Heidi Cruz has not returned to government since joining Goldman Sachs. She works in the Investment Management Division for the Southwest US.
Her training and government experience is in international trade. Why is Goldman stashing her in “investment management”? Maybe they don’t want another potentially controversial North American Union report from her? Very curious.
Ted Cruz campaigning with Amnesty Ryan to enable the Obama / Chamber of Commerce TPA:
http://www.wsj.com/articles/putting-congress-in-charge-on-trade-1429659409
So, Ted didn’t get a bribe, but a LOAN. Big deal.
Maybe her MBA has something to do with it. Maybe you should read up on her instead of offering up such baseless projections.
SMH!!!!!!! And in that short time he has authored 80 SCOTUS briefs, made 40 Oral Arguments to SCOTUS, was Solicitor General of Texas for five years (the longest tenure in Texas history), was a partner at the law firm, served as a law clerk to Chief Justice William Rehnquist, assembled the coalition of 31 states in defense of the principle that the 2nd Amendment guarantees an individual right to keep and bear arms, successfully defended the Ten Commandments monument on the Texas State Capitol grounds, the recitation of the Pledge of Allegiance in public schools and the majority of the 2003 Texas redistricting plan, successfully defended (Medellin v. Texas) an attempt by the International Court of Justice to re-open the criminal convictions of 51 murderers on death row throughout the United States. He was also Director of the Office of Policy Planning at the Federal Trade Commission, Domestic Policy Advisor to U.S. President George W. Bush on the 2000 Bush-Cheney campaign, was an Adjunct Professor of Law at the University of Texas School of Law in Austin, and is currently junior US Senator from Texas. On November 14, 2012, Cruz was appointed vice-chairman of the National Republican Senatorial Committee. He is now spearheading efforts in the Senate to have Obamacare repealed root-and-branch... In his younger years, he won the National Debate Championship for Princeton, and came in second in the world debate championships for Harvard.
What have you done to make actual changes for conservative issues with your years? What has Trump done for limited-government causes in his years?
Pat, please use your brain. Since the LOAN was paid back, Cruz owes Goldman nothing. Are you, like a liberal, willing to say anything that will advance your agenda?
TPA has been around since 1974, this is a reauthorization. Exactly what do you think the purpose of TPA is?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.