It's a margin loan, and, yes, it was massive. They lend him half the worth of whatever his stocks are. Cruz never disclosed this, and told people publicly he was putting every last penny of his own liquid networth into the campaign. Getting a loan off your own assets isn't the same thing. It's just setting up a new bill to pay according to whatever the terms of the loan are.
$500,000 of $3.4 million is half?
Cruz never disclosed this
Start with the form at the begining of this thread dated 7/9/12. It was left off one form, it was disclosed several times on other forms.
d told people publicly he was putting every last penny of his own liquid networth into the campaign. Getting a loan off your own assets isn't the same thing.
Yes it is, it is writing checks to be covered by your existing account.
I don’t have a problem with him taking out a margin loan.
I have a problem with this supposed mistake.
Maybe it was a mistake.
But I know this..if I am running for Senate as an outcast and I have a brilliant legal mind - I am damn sure going to make sure I make no clerical mistakes because I know that they will be after anything and everything I do.
So, either it is an intentional mistake OR he isn’t as smart as some people claim. You just don’t forget something as important as this under penalty of perjury.
I wouldn’t believe it of Hillary or Obama. I can’t give him a pass.