[Zhang Fei]

“Cruz wrote a personal check to his campaign for $1.4 million. Those funds came from a combination of his personal savings, selling some stock and taking a loan out against his assets. Because he took a loan out against his assets, that detail should’ve been in the FEC form,” Catherine Frazier, the spokeswoman, told reporters in Dorchester. “We’re reaching out to the FEC and asking them their recommendation on anything we need to do to update or amend that report.”

Sounds like a margin loan taken out against stock and bond holdings. Not exactly a big deal. Anybody with sufficient equity can do it, whether he trades with Fidelity or Schwab. Goldman probably charges a higher rate than Fidelity or Schwab.

[napscoordinator]

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.

[ConservativeTeen]

Yes, it was a margin loan: https://twitter.com/MattMackowiak/status/687471659423371264

[Sioux-san]

It was going to come in handy to have a wife who works for GS.