Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Mark Levin: "That's A Flat Out Lie"
Right Scoop ^ | 1/21/2016 | Right Scoop

Posted on 01/21/2016 8:30:47 AM PST by conservativejoy

During the second hour of his show today, Mark Levin went through Trump's latest attack on Ted Cruz where he suggested that Cruz was worse than Hillary for not filing a loan disclosure for his Senate campaign in 2012.

Trump said this was intentional by Cruz in order to hide his loans from the American people. But Levin called that a flat out lie, pointing out that Cruz did report the loans in other filings and explained how it's common that someone might think this type of collateralized loan didn't need reporting to the FEC, considering it was basically his money.

Levin said this isn't a crime nor is it unethical, and certainly not a reason to keep beating someone over the head with it. Levin says Trump needs to stop lying about it, but that he probably won't.

Levin also pointed out the absurdity of Trump attacking Cruz for "personally guaranteeing loans with banks". Levin chuckled and said "it's called collateral!," pointing out that Trump just wants to muddy the waters.

And there's more, including address his comparison of Cruz to Hillary.

Listen at link.


TOPICS: Society
KEYWORDS: cruz; levin; marklevin; trump
Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 161-166 next last
To: lodi90
The Citibank 500k loan was not a margin loan and you know it.

Last I heard about it it was a secured loan. Early reporting was a margin loan. Now it's a line of credit. My unsecured line of credit was secured by my accounts. If I didn't pay, I could cover out of my accounts anyway. It's really not unusual at all. That's what lines of credit are for.

And any risk of malfeasance is offset by the bare fact that it was reported. What idiot would intentionally report it and then try to get away with it later? How absurd is that.

Do you know how easy it would be to launder into cash? If he was being nefarious, that is how it would go down.

101 posted on 01/21/2016 10:40:29 AM PST by roamer_1 (Globalism is just Socialism in a business suit.)
[ Post Reply | Private Reply | To 96 | View Replies]

To: lodi90
FYI, this is from the original NYT article which is obviously anti-Cruz and it is obviously a fishing trip, but it should counter the BS emanating from the Trump campaign.

The biggest change in the Cruzes’ finances in 2012 was the addition of the two bank loans, each valued at $250,000 to $500,000, during the first half of the year. One was a margin loan from Goldman Sachs. Margin loans, which are secured by holdings in a brokerage account, are often used to buy more stocks, but can be obtained for almost any purpose.

The other loan was a line of credit from Citibank. Even if the Citibank loan did not go directly into the Senate campaign, it could have freed up other assets for that purpose. While the Cruzes were well paid — he made more than $1 million a year as a law partner, and she earned a six-figure income as an executive in Goldman Sachs’s Houston office — they also had big bills, including mortgage payments and full-time child care.

Both loans had floating interest rates around 3 percent, according to Mr. Cruz’s Senate disclosures, which appear to be generally in line with rates available to wealthy borrowers at that time. During the remainder of 2012, the Cruz campaign repaid Mr. Cruz for about half of the money he lent. His Senate disclosures show that he and his wife paid off the Citibank loan that same year. As for the Goldman Sachs loan, it remains outstanding, though the balance has been reduced to between $50,000 and $100,000.

102 posted on 01/21/2016 10:40:35 AM PST by Cold Heat
[ Post Reply | Private Reply | To 96 | View Replies]

To: brothers4thID

Cruz is behind in the polls everywhere. In Iowa, Trump was ahead in the last 2 polls and in this one it is a statistical tie. I would say my statement has a lot of support.


103 posted on 01/21/2016 10:40:49 AM PST by GilGil
[ Post Reply | Private Reply | To 46 | View Replies]

To: Cold Heat

You miss the point.

I am not saying Cruz did anything wrong except not reporting.

I don’t know the reason he didn’t report it any more than you do so you are right about people having to choose whether or not to believe him.

Your saying the big banks would support Trump is dishonest because he is not accepting that type of donation. They may want to try to buy him but they have not been able to.


104 posted on 01/21/2016 10:41:41 AM PST by Amntn ("The only special interest not being served by our government is the American people" - Donald Trump)
[ Post Reply | Private Reply | To 99 | View Replies]

To: lodi90
If Cruz didn’t want a Goldman loan associated with his “grass roots” campaign he should have cashed out. Nothing says “grass roots” Tea Party campaign like a 500k Goldman Sachs loan. Optics on that are BAD. Plenty of reason to obfuscate that. Comprende?

No - Because the Stock portfolio being at GS would be evident, cashed out or not... And busybodies like yourself would still come up with some screwy theme.

105 posted on 01/21/2016 10:43:12 AM PST by roamer_1 (Globalism is just Socialism in a business suit.)
[ Post Reply | Private Reply | To 100 | View Replies]

To: conservativejoy

Trump is going to make Levin’s head explode before it’s over.

That is the difference between a professional like Limbaugh, and the wannabe posers.


106 posted on 01/21/2016 10:43:41 AM PST by unsycophant
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fresh Wind
The FEC has the instructions in it, to contact the Senate ethics committee and file with them. He did. What he did not do, is write himself a form 3 receipt for the dollar amount deposited from his personal funds to the campaign, in the form of a loan, although FEC reports show the proper filings for the repayment of the campaign loan.

Nobody, but nobody was trying to hide anything.

107 posted on 01/21/2016 10:44:29 AM PST by Cold Heat
[ Post Reply | Private Reply | To 91 | View Replies]

To: brothers4thID

That’s one theory. There is also a known factor of the more one explains, the more likely they have something to hide. In ‘real’ life, vs. this circus we are all observing, when I run across someone who adds layers to their ‘story’, it’s generally due to trying to bury the truth.

I’ll let the FEC sort it out. It really doesn’t matter one way or another what I think about it.


108 posted on 01/21/2016 10:48:19 AM PST by AllAmericanGirl44
[ Post Reply | Private Reply | To 49 | View Replies]

To: CA Conservative

So? You and I probably do not have the assets and income that the Cruz family does. I am sure Donald gets multi-million dollar loans just on his signature alone all the time. I don’t see you claiming that makes Donald unfit for office...


Wrong. If Trump was getting a million dollars in loans from Goldman & Citi, failed to denote the money was used for a Senate campaign and then cast Senate ballots in support of them I would seriously investigate the issue and question my support of him.

If it’s such a simple issue Cruz can clear the air today. That he has not only leads one to believe that where there is smoke there is fire.


109 posted on 01/21/2016 10:50:43 AM PST by lodi90 (TRUMP Force 1 lifting off)
[ Post Reply | Private Reply | To 90 | View Replies]

To: Amntn

I am now going to use the same perverse logic on you, because that was a set up that I did.

Goldman would of course not need to put actual money in the Trump campaign, but they would certainly do a sweet deal on construction financing for the Donald.

I now contend that they did, but I have no proof...[sarc]

Powerful businessmen get favors all the time, but you can’t prove it. Sweet deals for one project simply free up funds for another..

And yes, I do know why he did not report the personal money on the proper form, although it was reported elsewhere.

He said it was a paperwork error. The only error he could have made was not to report on the required receipt.


110 posted on 01/21/2016 10:52:31 AM PST by Cold Heat
[ Post Reply | Private Reply | To 104 | View Replies]

To: GilGil

With the margin of error at 3.7% it can also mean that Trump is ahead at 29% and Cruz down at 23%. Just the facts!

<><><><

Or Cruz 30.7 and Trump 21.3.

Margin of error cuts both ways.


111 posted on 01/21/2016 10:54:40 AM PST by dmz
[ Post Reply | Private Reply | To 43 | View Replies]

To: Logical me

Levin is done as far as I am concerned. This sick fool has no idea who Cruz is and hates Trump.


Mark has known Ted Cruz for many years before you ever knew him. Mark has said he likes Trump and will vote for him if he gets nomination. I will not, no more liberals for me.


112 posted on 01/21/2016 10:55:56 AM PST by texhenry
[ Post Reply | Private Reply | To 5 | View Replies]

To: Cold Heat

Where is the exact text of the instructions that Cruz acted on?


113 posted on 01/21/2016 10:58:09 AM PST by Fresh Wind (Falcon 105)
[ Post Reply | Private Reply | To 107 | View Replies]

To: conservativejoy

How did Trump get millions from Soros exactly? He is only accepting small personal donations for his campaign and no PACs.


114 posted on 01/21/2016 10:59:12 AM PST by JayGalt
[ Post Reply | Private Reply | To 14 | View Replies]

To: heights

Cruz hides the loans during his campaign. He pulled a Hillary,I forgot.


That is a flat out lie. He put it on one form and not another one.


115 posted on 01/21/2016 10:59:31 AM PST by texhenry
[ Post Reply | Private Reply | To 8 | View Replies]

To: Fresh Wind

http://www.fec.gov/ans/answers_candidate.shtml#personal


116 posted on 01/21/2016 11:00:07 AM PST by Cold Heat
[ Post Reply | Private Reply | To 113 | View Replies]

To: conservativejoy

“If you listened to the tape, Levin was quoting an FEC Commissioner.”

Yes I did, and Levin is proven right once again!


117 posted on 01/21/2016 11:00:37 AM PST by 2001convSVT (Going Galt as fast as I can.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: conservativejoy

Trump Lie?

I don’t believe it


118 posted on 01/21/2016 11:01:54 AM PST by woofie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Georgia Girl 2

The money from the loan is in the FEC database as a gift to his own campaign.


119 posted on 01/21/2016 11:05:36 AM PST by BreezyDog
[ Post Reply | Private Reply | To 6 | View Replies]

To: Fresh Wind
The goofy thing is that the FEC has all of this, but in different data bases..Cruz did report it, but he missed one.. It's a common mistake, and the FEC never catches these things until years later. They simply put the data bases on the net. If something should be there and it not, as the NYT reported. It was the NYT that found the error.

But the error is insignificant, because these fund tranfers, loans etc are all reported in multiple places. It just did not make it onto one datat base, and that data base is comprised of the zillions of receipts written when someone, anyone, makes a contribution.

120 posted on 01/21/2016 11:06:27 AM PST by Cold Heat
[ Post Reply | Private Reply | To 113 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 161-166 next last

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.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson