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Ted Cruz Didn't Disclose Loan From Goldman Sachs for His First Senate Campaign
NYTimes ^ | 1/13/2016 | Mike McIntire

Posted on 01/14/2016 1:14:01 AM PST by Greetings_Puny_Humans

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1 posted on 01/14/2016 1:14:01 AM PST by Greetings_Puny_Humans
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To: All
Mr. Cruz's filings show that at the close of 2011, he and his wife had cash and securities in bank, brokerage and retirement accounts worth $1.3 million to $3.4 million. They also had mortgages and a loan against Mr. Cruz’s partnership equity in his law firm. During 2012, they sold securities worth $82,000 to $355,000, and the value of other holdings was reduced by, at most, $155,000. However, they also added a money-market account with $250,000 to $500,000 in it, and the value of other holdings increased by as much as $435,000. All told, the value of their cash and securities in 2012 saw a net increase of as much as $400,000 — even as the Cruzes were supposedly liquidating everything to finance Mr. Cruz’s Senate campaign.
2 posted on 01/14/2016 1:20:58 AM PST by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: Greetings_Puny_Humans

Dead issue...it’s been disclosed long ago....copies and dated material forthcoming....


3 posted on 01/14/2016 1:30:29 AM PST by caww
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To: Greetings_Puny_Humans

4 posted on 01/14/2016 1:37:50 AM PST by caww
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To: caww
Dead issue...it’s been disclosed long ago

That's the thing. Cruz only reported it after he won (while campaigning on "I liquidated my savings!" to Texans, while ending the campaign 400 thousand richer) to a separate "reporting regime":

Kenneth A. Gross, a former election commission lawyer who specializes in campaign finance law, said that listing a bank loan in an annual Senate ethics report — which deals only with personal finances — would not satisfy the requirement that it be promptly disclosed to election officials during a campaign.

"They're two different reporting regimes," he said. "The law says if you get a loan for the purpose of funding a campaign, you have to show the original source of the loan, the terms of the loan and you even have to provide a copy of the loan document to the Federal Election Commission."

5 posted on 01/14/2016 1:38:39 AM PST by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: caww
Might as well bring the other documentation here for historical purposes on FR ...for all the 'Birthers"


6 posted on 01/14/2016 1:41:44 AM PST by caww
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Will the scumbags at NYT investigate and publish his academic records?


7 posted on 01/14/2016 1:47:32 AM PST by Gene Eric (Don't be a statist!)
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To: caww

Where’s Trump’s Certificate of Renunciation from the British Home Office? Shouldn’t he have to post that too, as long as we’re posting citizenship stuff?


8 posted on 01/14/2016 1:49:28 AM PST by John Valentine (Deep in the Heart of Texas)
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To: Greetings_Puny_Humans

C’mon, you can’t expect the Cruzes to understand all that complicated legal and financial stuff, can you?

Oh, wait...


9 posted on 01/14/2016 1:49:41 AM PST by Hugin ("First thing--get yourself a firearm!" Sheriff Ed Galt, Last Man Standing.)
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To: Greetings_Puny_Humans

Oh my. DT is one hundred million more gotchas ahead of Cruz. DT is so low info he will be easy to take out now that Teddy is making his move.


10 posted on 01/14/2016 1:51:07 AM PST by libbylu (Cruz: The truth with a smile.)
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To: Greetings_Puny_Humans

That Cruz noted the loans on his personal disclosures in 2012 suggests there was no nefarious attempt to hide them. Far more likely that as Frazier claims, this was a simple reporting error. No special loan terms were granted, so it’s not as though Cruz was given special concessions because of his wife’s job. Further, as the NYT reports, the loans have been paid down. While the NYT story is technically accurate, it’s not a super secret exposed! piece by any stretch. It might appear so for those unaware of Cruz’s long-standing Wall Street connections, but that’s about it.
From legal insurrection.
I am really glad he borrowed that money and became senator and is on his way to being 45.


11 posted on 01/14/2016 1:56:16 AM PST by libbylu (Cruz: The truth with a smile.)
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To: Greetings_Puny_Humans

Puny, you don’t belong on a conservative site such as this. All of your attacks are regurgitations from the left.


12 posted on 01/14/2016 1:56:33 AM PST by kik5150 (Cruz argued 9 times before Supreme Court judges. Trump argues with beauty pageant judges.)
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To: libbylu
That Cruz noted the loans on his personal disclosures in 2012 suggests there was no nefarious attempt to hide them.

But Cruz did not disclose them to the Federal Elections Committee, and apparently was telling Texans about a touching story of love and sacrifice when none of it was true.

Far more likely that as Frazier claims, this was a simple reporting error.

It was at least 500 thousand dollars up to a million. Frazier admits 500 thousand was used towards his campaign run.

13 posted on 01/14/2016 1:59:41 AM PST by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: Admin Moderator

I just realized that someone else already posted this thread, but for some reason they used a different title than what the article was (so I didn’t see it). The original thread is in the breaking news section, in case you need to change its title or not.


14 posted on 01/14/2016 2:04:37 AM PST by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: caww
What we haven't seen is the papers that made Ted Cruz a US citizen also.

I have been played. I gave $25 to Cruz's original plea to help him with his "grass roots campaign". I WANT MY MONEY BACK!!!

15 posted on 01/14/2016 2:04:47 AM PST by grania
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To: Greetings_Puny_Humans

I’m more interested in the hundreds of millions loaned to Trump by Credit Swiss and Morgan Stanley. Talk about bought and paid for!


16 posted on 01/14/2016 2:06:03 AM PST by kik5150 (Cruz argued 9 times before Supreme Court judges. Trump argues with beauty pageant judges.)
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To: Greetings_Puny_Humans

Everyday Americans get loans to start businesses, to do everything. The fortunate ones are successful and can pay it back. I can relate to that. I can’t relate to the limo liberals.. No matter what party they run with.... People who love the bright shiny lights.. Especially when there is a camera or a mirror nearby.


17 posted on 01/14/2016 2:07:57 AM PST by momincombatboots (Iraq 3.0.. Try and look surprised. Prayers for my brothers and sisters in arms as global pawns.)
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To: Greetings_Puny_Humans

Are you kidding? You post the same smear articles against Cruz every 15 minutes.


18 posted on 01/14/2016 2:08:12 AM PST by kik5150 (Cruz argued 9 times before Supreme Court judges. Trump argues with beauty pageant judges.)
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To: kik5150; Greetings_Puny_Humans; Jim Robinson

Puny, you don't belong on a conservative site such as this. All of your attacks are regurgitations from the left.


Thankfully, your name is NOT Jim Robinson!


19 posted on 01/14/2016 2:10:29 AM PST by onyx (HAVE YOU MADE YOUR DONATION to OUR FReep-a-Thon? PLEASE MAKE IT TODAY!)
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To: kik5150

What are you, hall monitor?


20 posted on 01/14/2016 2:12:28 AM PST by onyx (HAVE YOU MADE YOUR DONATION to OUR FReep-a-Thon? PLEASE MAKE IT TODAY!)
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