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.
Ditto!....GO DONALD TRUMP!
Donald is not a republican, he’s pro gay and pro abortion.
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!
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!
Why do you feel the need to resort to such silly falsehoods?
Cruz = amnesty, no deportation, H1B increases, TPP/TPA support. Easy to do isn’t it?
Did Cruz use the ‘loan’ for his campaign? If that answer is so simple, why is so much time being spent trying to explain it?
Well yes of course. But your original statement still has no support.
Trump has higher negatives than Cruz. He talks a good game, but he won’t pull in all those votes in the general, because around half the country (not divided along ideological lines either) just doesn’t like the man and will never vote for him.
Really? Trump is only GOPer leading in FL over Hillary and the commie. Poll came out yesterday.
http://www.breitbart.com/big-government/2016/01/21/poll-only-trump-bests-hillary-bernie-in-florida/
Utter nonsense!
Goldman made no under the table contribution by way of ted taking a margin loan on his securities account. I did this frequently. When you have a margin account you can take a loan on the stock value of your account, you can then buy more stock or withdraw it. you pay it back when you sell the stock and pay interest on the balance every month. Should the value of your investments drop, you get what's called a margin call. You then must deposit the difference in cash to your account. This is a recurring process that is in place for as long as you have the account. the only way to eliminate it is to sell all your securities and close the account.
The CITI loan was a standard personal loan the same as you or I get at any bank. All this is above board and reported to the senate ethics committee as instructed.
You and Trump are trying to make this into a campaign issue when all you found is normal financial transactions.
“So much time being used to explain it” : because it takes repetition for people to learn things.
He didn’t try to hide it, and it was basically his own money, not Citibank and Goldman Sachs’ money. You Trump supporters are really making yourselves look silly with these desperation attacks.
It doesn’t matter how many times he disclosed the loans. He didn’t disclose the fact that the loans were for campaign purposes as required in federal campaign finance regulations.
Exactly. The whole point of not reporting the loans as campaign related was to obfuscate the fact that the biggest Wall Street crony capitalist of them all, Goldman Sachs, was financing the scrappy “grass roots” campaign of Tea Party Ted Cruz.
OK...Go to the FEC site, and tell me where it is written that personal money needs to be disclosed on line# whatever.
You will not find it, because it is not there.
In the FACTS section is says to disclose this with the senate ethics committee.
He did this..as he has repeatedly said.
Failing to report it as required counts as hiding in my book. And no it wasn’t his money, it was Goldman Sachs’ and Citicorp’s money. They took THEIR money and the LOANED it TO him, and he LOANED it to his campaign.
It’s right here (this is an excerpt from the full FEC Congressional Campaign Guide):
http://www.fec.gov/rad/candidates/documents/CanGuide91013-104.pdf
The full guide is here (198 pages):
http://www.fec.gov/pdf/candgui.pdf
“It doesn’t matter how many times he disclosed the loans.”
It certainly does. You don’t disclose loans that you are trying to “hide”. Trump and his supporters keep saying Cruz was trying to “hide” these loans, but that is proven to be an outright lie by the fact that Cruz did disclose these loans publicly.
Well, first of all that is one state, one poll, and secondly, it doesn’t even address the issue of the negatives that I was talking about.
That is but a itemized receipt form. One of thousands that you write up for every single contribution received..
he did this for every contribution, but neglected to do it for his own money because he thought it was already reported to the Senate ethics committee as instructed by the FEC.
Yes, it was a paperwork error. When the FEC counted the receipts against the expenditures, which were properly reported, they came up with a difference. That difference was the personal contribution to the campaign.
If he were trying to hide this, the receipts and the expenditures would have balanced.
The CITI loan was a standard personal loan the same as you or I get at any bank. All this is above board and reported to the senate ethics committee as instructed.
“You and I” do not get multi hundred thousand dollar unsecured loans. What were Ted & Heidi doing with this huge “personal loan”. Hitting the crap tables at an Indian casino? Let’s see some documentation. voters deserve answers ASAP given Cruz’s position in the Senate related to lobbyists like Goldman and Citibank
I’ve got a feeling this unsecured Citi loan could end up being more problematic than the Goldman loans. Smells real bad. Cruz needs to clear the air.
“Failing to report it as required counts as hiding in my book.”
Well you can put whatever you want in “your book”, but when people disclose things in public filings, saying they are hiding them is called a LIE.
“They took THEIR money and the LOANED it TO him, and he LOANED it to his campaign.”
Meh, it was a margin advance, secured against his stock portfolio. Everyone who has a brokerage account knows that is not the same as going to the bank, hat in hand, and applying for a loan.
The line between Levin and Beck becomes nearly nonexistent.
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