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.
He also got a loan from Citibank which I don’t believe was disclosed either.
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.
Sure hope he has sold that stock and paid off the loan! Otherwise, margin calls a coming! US Market Futures are down again tonight.
That is not what will sink him. The loan and the non disclosure error is not the issue—the issue is being involved with GS and having his wife working for them is the problem. GS has been the buyer and seller of politicians and the people are on to them.
Which, as the spouse of a GS employee, he is required to hold his stocks and bonds in, so the account can be audited for insider trading.
Don’t confuse the Trumpets with reality, it makes their heads hurt.
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.