$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.
The 500 thousand number is just the number Cruz's team admitted to. NYTimes says the loans were 750 thousand and went up to a total of one million thereafter. Cruz supposedly spent 1.2 million of his own "liquid assets" for the campaign.
The other problem is that this is a loan taken from the employers of your wife. She was a vice president for Goldman Sachs at the time, and it is that very same organization that he received a loan from-- apparently without bothering to report it to the FEC or any of the details behind the loan. No one has seen the contract Cruz signed up for.
Start with the form at the begining of this thread dated 7/9/12
This is not to the FEC. Reporting it as personal liability doesn't provide any of the documentation necessary for the FEC to go through. In this medium, Cruz could claim it was for a new house. He doesn't have to admit that it was used for his campaign.