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.
I miss-wrote the word ignores because the r is having issues on the keyboard.
You are correct about the disclosure but not about the reason for not filing it with the FEC.
From your link:
“As Kaye put it succinctly in her post, “while the NYT story is technically accurate, it’s not a super secret exposed! piece by any stretch. It might appear so for those unaware of Cruz’s long-standing Wall Street connections, but that’s about it. And really, the only way this becomes a problem for Cruz is that it clashes with his self-portrait of independent outsider, beholden to no interest.”
And how is he going to pay these loans back????
I was waiting for a Cruznadian to make that point. The conclusion is that this poll is meaningless because it can mean anything.
He already has paid most of it off, according to the NYT.
The CITI bank loan was paid in full, and at the time NYT wrote that so called exposé, the margin loan was nearly retired... You generally pay those off by selling the securities you used for collateral.
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