But did you take the loan and loan it to your senate campaign?
The issue is not the loan. The issue is that is wasn’t reported to the FEC BEFORE he was elected.
The reason loans have to be reported to the FEC is that, hypothetically, a person could take out a loan, loan that money to his campaign, and then someone else could repay it or the bank could forgive it for political favors.
I am not saying Cruz did this but it is the reason the FEC requires it.
Trump’s argument is that Ted is supposed to be the smartest guy in the room so his excuse for not filing it with the FEC doesn’t hold water.
So, if Ted’s loan and repayment are on the up and up what reason could he have for not filing?
Maybe because he was running as an outsider and didn’t want people to know his connection to GS?
Either you take his word, or you don't.
BTW, Goldman supported Obama for the most part. I doubt they think any more of Cruz then the GOP. In fact, most of wall street was in the Obama camp.
The reasoning is simple. Big banks in todays environment require a close relationship with DC to survive. Crony Capitalism. There is no friggin way they support Cruz in any major way, but some of their exec's might, I dunno.. They would however, support Trump with the majority of their contributions.
Cruz's contributions thus far seem to indicate this. We will know more in a few months..