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

To: CA Conservative

You don’t know what you are talking about.

Here’s an article discussing it in more detail, there are multiple alleged violations.

A candidate CANNOT take out an unsecured signature loan for their campaign. Also, while the legalese can quickly get a person into the weeds, essentially a candidate’s spouse is similarly limited in contribution amount to the same principles as an unrelated campaign donor.

If a candidate could take out an unsecured signature loan, it opens the door wide open to corrupt exploitation by external influence.

In this case his assets put up for collateral were less than the loan value. And using his wife’s assets put her in the same class as a regular donor which is yet another violation.

See...
http://theconservativetreehouse.com/2016/01/20/campaign-watchdog-group-files-fec-complaint-ted-cruz-failure-to-disclose-goldman-sachscitibank-financials/#more-111291


152 posted on 01/21/2016 12:08:22 PM PST by bigtoona (Lose on amnesty, socialism cemented in place forever! Trump is the only hope.)
[ Post Reply | Private Reply | To 92 | View Replies ]


To: bigtoona

If you read the NYT article, the line of credit loan from Citi was not for campaign purposes. Even the NYT admitted that much and did not make that accusation, but they did say in a offhanded way that it could have freed up other funds..

This is a tempest in a teapot, littered with lies and distortions.


155 posted on 01/21/2016 12:12:32 PM PST by Cold Heat
[ Post Reply | Private Reply | To 152 | View Replies ]

To: bigtoona

I’m sorry, but you are going to have to find a more credible source than Conservative Treehouse. They do nothing but pump Trump and bash Cruz. So I am sure their coverage is more than a bit biased.


158 posted on 01/21/2016 12:23:56 PM PST by CA Conservative (Texan by birth, Californian by circumstance)
[ Post Reply | Private Reply | To 152 | View Replies ]

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