If it wasn’t a big deal, why did he hide it? And don’t tell me he forgot. You don’t forget a million dollars.
Hide it? He didn't think he had to report writing a check from his brokerage account. Do you report to the world that you used your credit card? From the NYT article:
A spokeswoman for Mr. Cruzâs presidential campaign, Catherine Frazier, acknowledged that the loan from Goldman Sachs, drawn against the value of the Cruzesâ brokerage account, was a source of money for the Senate race.
I've taken out plenty of margin loans from my brokerage account, which charges far lower rates than Goldman Sachs. All I need to do is write a check to myself. No credit decision or lending officer involved. I just need enough equity in the account.
Why try to hide it ?