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?

[NavVet]

Don’t confuse the Trumpets with reality, it makes their heads hurt.

[Eagles6]

Bundled toxic mortgages in with good ones and sold them as AAA securities. Freddie Mac started it.

[Squeako]

If he were smart, he’d figure out how to roll it into a commercial bankruptcy.

[wiggen]

everyone borrow money for their campaign except the super rich. Should the super rich be the only ones who can run for office?

[wiggen]

creating and trading in bad loans.None of that happens if the government via Freddie and Fannie didn’t lower standards to get mortgages.
What GS and other firms did was trade in loans that were for all intents and purposes initiated by the government no matter who wrote them. You realize if the loans were not made then the banks would have been fined for not making them?
But i suppose you did know all that?

[Eagles6]

Yes I did which is why I said Freddie mac started it. I worked in the industry at the time.

Is there something in my post that leads you to believe that I didn't know?

[wiggen]

ha no. i meant to post that to GilGil. Apologies.

[Diogenesis]

Now we know why
Sen. Goldmann Sachs Cruz supported the vote
for ObamaTRADE; because it was

1) SECRET
2) helped Obama
3) destroyed America, but
4) was supported by Cruzs’ master: Goldmann Sachs.

[grania]

This whole spear is based on nothing

Did you read the ten reasons? If so, let us know specifically which ones you refute.

It's a huge issue. Cruz had avoided full criticism for the support he used to give for increasing H1B visas by a multiple. Now, with the Goldman Sachs revelation, it looks like H1B visas were about returning the favor.

Cruz's narrative is crumbling. And what's he doing? Still badgering small donors for more donations.

[Hatteras]

The Trumpettes are being played...

[ThePatriotsFlag]

Amazing this gets print space compared to the finances of the Clinton Foundation.

[Eagles6]

;-)