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.
The public has been blind sided and there is no stopping him, sadly.
What Cruz did, getting a loan for his campaign violated the campaign finance rules!
Goldman can loan him millions and forgive the loan payback, which is why it’s against the rules. There us more to this than him forgetting or making a simple error.
I don’t know why Cruz failed to report the loans as required by the FEC, so I don’t know if he was trying to hide something.
What I do know, and Cruz has admitted it, is that either he or his campaign failed to make the required filings with the FEC.
It does seem hard to believe that Cruz, that everybody holds up as a genius and a great lawyer, wasn’t aware of the requirements or couldn’t find them (as I did in a few minutes time on Google).
I predict that Cruz will be fined at some point for this oversight, if that’s what it was.
Keep in mind that a filing with one branch of the federal bureaucracy doesn’t necessarily satisfy another branch.
“They took THEIR money and the LOANED it TO him, and he LOANED it to his campaign.”
No, their money (securities actually) secured the loan. Goldman’s & Citibank’s (unsecured loan) money bought the Campaign TV ads, Apparently.
Obviously that fact tears a Titanic size hole in the SS Cruz “liquated all our assets” and “grass roots” narratives. So we get another flood of half truths and lies by omision from Team Cruz. We saw this rodeo before during TPA and I can see it from a thousand miles away.
What is disappointing is that he seems to have become rabid in his support. Why doesn't he rename his show "The Ted Cruz Fan Club". It's almost like he is assuming the role of press manager for Cruz. All the while, he says "I haven't made an endorsement yet". I miss the old days of where he brought up the constitution and fought the injustices of the Obama admin. Now for three hours it's lets spend our time trying to debunk Trump. It's getting rather boring.
Also, Levin has turned Conservative Review into an Anti Trump site. Where is the pro Cruz articles. Never seem to see one. Only articles I see is why Trump is so evil.
Getting the loan isn't a violation, but not reporting it properly certainly is.
The line between Levin and Beck becomes nearly nonexistent.
Did they kiss and make up? Or was that Hannity and Beck?
To what possible end? To hide the fact that he has a stock portfolio at GS and at Citi? What is wrong with that? And what is wrong with margin loans, basically using his own money?
I don't have all the specifics so I don't know, but you cannot make the accusation that CITI was supporting Ted by way of a loan that did not have to be paid back, unless you can prove that. And I do not think that accusation has been made, except by you.
I wish you would look into trumps financials in the same way. This is outright slander IMO. There is no smoke here to claim a fire.
Levin fashions himself a guardian of the constitution when he is in fact a homer just like the rest of us with a dog in the fight. Levin is nothing more that a pro Cruz hack.
To what possible end? To hide the fact that he has a stock portfolio at GS and at Citi? What is wrong with that? And what is wrong with margin loans, basically using his own money?
That’s an easy one to answer. Cruz was running a grass roots empty the piggy bank Tea Party campaign.
Cruz being in bed with worst crony capitalist of them all, Goldman Sachs, blows that narrative away. Dewhurt would have carpet bombed him with ads had he known. That’s why Cruz hid the fact Goldman was financing his campaign.
No, the scrappy grassroots candidate was financing himself. That's what a margin loan is.
You really don't understand what a margin loan is, do you?
Why bother with trying to persuade these Trump morons on FR??? They have taken the Trump bait and the hook is too deep for them to let go...even when faced with FACTS! These folks are disgusting examples of wanna-be conservatives that don’t have an ounce of conservatism in them...They are frauds!
Which can be fixed by simply refiling the correct paperwork.
Really?? If that is the case, why were the loans public before the election? Cruz reported the funds to both the FEC and the Senate. He listed the loans on the Senate form, but did not list them on the FEC form - because they were not loans to the campaign, they were secured personal loans to Ted.
Trump and his supporters are using the "accusation" of wrong doing to damage him personally. This is what the left and a group of republicans used to damage newt Gingrich.
It is dirty politics. But it's pretty common and similar to "when did you stop beating your wife" accusations..
When I go to the voting booth, the cost of that type of politics will begin to mount. Someone will pay for it in the end, and I hope it's not the country. But it could be and if that happens, there will be no second guessing.
That is a bald-faced lie which has been disproven many times over. This was a secured loan against Ted's assets. So if he doesn't pay back the loan, he loses the collateral. And the money was give by Ted to the campaign - it was not a loan to the campaign. So G-S has no more influence over Ted than the bank that has the mortgage on his house. Since Goldman-Sachs did not give Ted ANYTHING, there was no skirting of campaign finance laws. And has been pointed out repeatedly, nothing was hidden - it was disclosed to the Senate well before the election.
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