10 reasons that Goldman Sachs loan is a nightmare for Ted Cruz

Washington Post ^ | 01/14/2016 | Jennifer Rubin

[GilGil]

1. He is still indebted to Goldman. (“As for the Goldman Sachs loan, it remains outstanding, though the balance has been reduced to between $50,000 and $100,000.”) Goldman, among other things, employs hundreds of workers on H-1B visas. Cruz used to advocate a huge increase in the number of H-1B visas, without, of course, saying he was on the hook to Goldman. Now, of course, Cruz wants to end H-1B visas. Maybe he should have taken out a loan from a bank that employed more Americans.

2. He didn’t simply “forget” to file the disclosure; he made up a self-reverential story to go with it. “Liquidate everything” really meant “get a honking-big loan from my wife’s company.” This will underscore his slipperiness on other issues, such as his stance on immigrant legalization. Can we take anything he says at face value?

[GilGil]

Goldman Sachs is a horrible company that destroys everything it gets its hooks in. It has destroyed the lives of millions of people. Cruz thinks Goldman is no big deal and he can get over this but Goldman does what Goldman does best and that is destroy everything it sets its sites on. Cruz is now experiencing the Goldman curse first hand and he will realize before long that doing business with this company was a big, big mistake. This will cost him dearly. There is no escaping this evil company.

[facedown]

This was such utter BS the first time it was posted, let’s post it again.

[GilGil]

You think it is bs. Watch GS ruin Cruz’ chances. This company is the plague to anyone infected by it.

[dschapin]

This whole smear is based on nothing. He got a margin loan - that is a loan secured by his own assets in his investment account. No loan officer even has to sign off on this type of loan. So, basically you are attacking him for having an investment account at Goldman Sachs.

[TBP]

Nonissue.

[shankbear]

Same recycled crap. Get over it. Dead issue.

[Oldeconomybuyer]

Taking flack means you’re over the target.

[bigbob]

And because Cruz’s slick lawyerly smartass attempts to explain and minimize it will only make it worse. His rationalizations sound like they came right from Hillary’s playbook.

[P-Marlowe]

I generally don’t like the companies that have loaned me money.

[Fungi]

Ok. One thing is for certain, this rabid liberal who calls herself a “journalist” is actually a “whoreanlist” for the RATS. And Hugh Hewitt continues to have her barfing up her crap on his show. Need any more reasons why Hugh is a RINO enabler?

[facedown]

Taking flack means you’re over the target.

Or you're a slow learner.

[dragnet2]

Bookmark

[Essie]

This has been posted before. From past experience Jennifer Rubin is unworthy of my attention. What she writes is utter rubbish.

[Catsrus]

He also got a loan from Citibank which I don’t believe was disclosed either.

[Bobalu]

I wouldn’t trust any company stupid enough to loan me money!

:-)

[GilGil]

Right. Just today there was a story how GS was fined $5 billion for selling shoddy mortgage securities to investors without fully disclosing their quality.

The securities were cobbled together and sold between 2005 and 2007.

That is what Goldman does and that is poison everything.

I am not attacking Cruz simply pointing out that he will not recover from his association with GS. GS poisons and curses everything it touches.

[SubMareener]

Sure hope he has sold that stock and paid off the loan! Otherwise, margin calls a coming! US Market Futures are down again tonight.

[2ndDivisionVet]

A third-rate Hollywood lawyer and Queen of the Neocons attacks a first-rate conservative constitutional attorney? Let me grab some popcorn.

[Attention Surplus Disorder]

Exactly. And it’s even better when reported by a third rate journalist like Jennifer Rubin.

[Shadow44]

They actually donated tons to Obama, seemed to work out well for them.

He appointed tons of people linked to them.