Posted on 01/27/2016 7:37:59 AM PST by SeekAndFind
The short answer is, probably not. But it'll take you a while to get there.
The New York Times dropped a story about Ted Cruz's first Senate campaign, noting that Ted Cruz's million-dollar loan to his initial Senate campaign was made possible by his wife's employer, Goldman Sachs, who floated Ted and his wife a significant loan. The loan remains outstanding - he and his wife still owe somewhere between $50K and $100K on it - and it turns out that Cruz, allegedly, failed to disclose the loan in campaign filings.
A review of personal financial disclosures that Mr. Cruz filed later with the Senate does not find a liquidation of assets that would have accounted for all the money he spent on his campaign. What it does show, however, is that in the first half of 2012, Ted and Heidi Cruz obtained the low-interest loan from Goldman Sachs, as well as another one from Citibank. The loans totaled as much as $750,000 and eventually increased to a maximum of $1 million before being paid down later that year. There is no explanation of their purpose.
Neither loan appears in reports the Ted Cruz for Senate Committee filed with the Federal Election Commission, in which candidates are required to disclose the source of money they borrow to finance their campaigns.
There is some excitment over the Great Failure, but it seems like the New York Times, which has been more than receptive to opposition research this cycle (I mean, at least they didn't say Ted Cruz, like Marco Rubio, was fiscally irresponsible for once liquidating an IRA to replace a broken fridge) has made a bigger deal about a campaign loan than the campaign loan deserves.
(Excerpt) Read more at spectator.org ...
No, but TRUMP certainly does.
And Cruz didn’t take any money from George Soros.
Trump’s Soros pwned is a bigger concern.
Ted Cruz appears to have, at least informally, disclosed the loan in 2012, while running against David Dewhurst in that fateful Senate primary; it just wasn't disclosed when he filed for President. Roll Call reported extensively on the loan in 2013, so it's most certainly common knowledge.
And Ted Cruz can correct any formal financial disclosures by filing a form and, if necessary, paying whatever penalties are attendant to his reprehensible crime. It's a problem, for certain, but it's hardly a game-changing, career-ending, Iowa deal-breaking bit of evidence that Ted Cruz is secretly beholden to big banks and will have to pay his price to Wall Street in the blood of his children.
THE ARTICLE WENT ON TO EXPLAIN:
Ted Cruz appears to have, at least informally, disclosed the loan in 2012, while running against David Dewhurst in that fateful Senate primary; it just wasn’t disclosed when he filed for President. Roll Call reported extensively on the loan in 2013, so it’s most certainly common knowledge.
And Ted Cruz can correct any formal financial disclosures by filing a form and, if necessary, paying whatever penalties are attendant to his reprehensible crime. It’s a problem, for certain, but it’s hardly a game-changing, career-ending, Iowa deal-breaking bit of evidence that Ted Cruz is secretly beholden to big banks and will have to pay his price to Wall Street in the blood of his children.
Yeah, margin loan. And?
RE: And Cruz didn’t take any money from George Soros.
I am not a Trump supporter in the primaries, but you have to back the above accusations up with a reliable source.
Do you have a link we can read?
And Ted Cruz can correct any formal financial disclosures by filing a form and, if necessary, paying whatever penalties are attendant to his reprehensible crime.
Still no revised FEC documents from Team Cruz. Why is Cruz slow playing this? He seems quite comfortable to be in violation of the law on the eve of the Iowa caucus.
RE: Trump’s Soros pwned is a bigger concern.
I am not a Trump supporter in the primaries, but you have to back the above accusations up with a reliable source.
Do you have a link we can read?
I am voting for Trump in my primary but I will vote for Cruz in the general if that’s how it turns out for the ticket.
This somebody loaned Cruz this amount and it’s still outstanding crap is just that. Do you have a mortgage? Are you in the tank for your mortgage company?
Bill and Hillary supposedly left the White House dead broke but now are conservators of a billion dollar cache of money in their foundation that really has no charter, save for their own use, IMO. They didn’t go into debt to further their ideals; they sold their damned influence of power and position! Why are they condemned?
I like Ted, but this loan crap is horseshit. Attack the man about ideals, goals, service or anything with respect to his goals and desires. This bank crap connection is pathetic.
“Do you have a link we can read?”
Yes. Chicago Tribune October 28, 2004
“Big names back Trump tower - Soros, Deutsche Bank said to be in on 90-story building”
Many.
For now, here us one about their collaboration.
http://www.nypost.com/p/pagesix/sightings_W8PnJuKajscppD1hEvKbOK
Quick overview: GM Building, Trump Tower Chicago.
Just to set the record straight, and assuming that a relationship with Goldman Sachs or any other large investment bank is a “problemâ€:
“Eight of the Republican presidential hopefuls, Trump, Cruz, Ben Carson, Jeb Bush, John Kasich, Carly Fiorina, Chris Christie, and Jim Gilmore said in financial disclosures that were largely filed between June and August last year that they had owned Goldman funds or Goldman stock, and in some cases both. The disclosures mostly cover the period from the beginning of 2014 to the middle of last year.â€
Citation: http://www.rawstory.com/2016/01/not-just-ted-cruz-most-gop-candidates-have-financial-ties-to-goldman-sachs/
“Citibank, in particular, played a major role in one of the Trump organization’s more notorious bankruptcies, when the Trump Plaza Hotel in Atlantic City was underwater and Trump owed over $550 million on it to various creditors, with Citibank at the head. In order to restructure his debt, Trump gave Citibank and other creditors a 49% ownership interest in the hotel.
As for Goldman Sachs, Trump is himself a shareholder in Goldman Sachs, which means he has a direct financial interest in its success. One would think that would make Trump even less enthusiastic about protecting me from Goldman Sachs (whatever that means) than Cruz would.
There is essentially not a major Wall Street entity that Donald Trump or his companies have not taken out loans from or received financing from. In fact, that’s more or less his entire business model. This lengthy ABC piece details how each and every one of them has at one time been circling Trump or his companies as they have been left holding the bag for all or part of loans he took out from them.â€Â
Citation: http://www.redstate.com/2016/01/21/know-else-received-loans-citibank-goldman-sachs-donald-trump/
Ergo, it is NOT just Ted Cruz who has a relationship with Goldman Sachs and other Wall Street banks, but almost every candidate, including The Donald himself. And, for the record, I do NOT necessarily consider that a disqualifying factor.
Cruz is in bed with Goldman Sachs - every night.
Oh so Soros was one of three investors in building a Business. Not anything to do with buying votes like happened here:
http://www.texastribune.org/2012/07/03/ted-cruzs-gay-billionaire-donor-draws-criticism/
There is essentially not a major Wall Street entity that Donald Trump or his companies have not taken out loans from or received financing from.
Money Quote
>>>>Does Ted Cruz Have a Goldman Sachs Problem?<<<<
Maybe he does not, by 99.5% of the rest of us sure as hell do.
Yes the Canadian Candidate is on the Take of that symbol of Crony Capitalism..... Goldman Sachs.
RE: Cruz is in bed with Goldman Sachs - every night.
Can you elaborate?
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