Posted on 01/21/2016 8:43:52 AM PST by Bratch
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By now most people are aware of the controversy surrounding Candidate Ted Cruz and his failure to reveal $1.3 million in campaign “loans” from Goldman Sachs and Citibank during his 2012 campaign for the senate.
At the heart of the issue is a failure of Ted and Heidi Cruz to list Wall Street “loans” on the required Federal Election Commission financial reports.
Together with the campaign officials the Cruz’s say the non-reporting was an accidental oversight. However, a watch dog group has now filed a complaint with the FEC which is step one to beginning an FEC investigation.
The full complaint (pdf) is outlined below. However, the larger question behind the complaint would be the motive for Ted and Heidi Cruz to hide the source of their campaign funds. The activity the complainant is presenting to have the FEC investigate, if proven accurate, is factually illegal.
The “accidental omission” is not necessarily the problem. The irreconcilable consequences from an accurate filing are the larger issue.
They can correct the missing information and file amended reports. However, if the Cruz campaign corrects the record based on the explanations to the media, the amended reports will reflect their violations of federal campaign finance laws.
A candidate CANNOT take out an unsecured signature loan for their campaign. Also, while the legalese can quickly get a person into the weeds, essentially a candidate’s spouse is similarly limited in contribution amount to the same principles as an unrelated campaign donor.
If a candidate could take out an unsecured signature loan, it opens the door wide open to corrupt exploitation by external influence.
The candidate with $500k in assets, or a Manchurian candidate with zero in assets, could be given a $2 million loan – which the loan originator would not expect to get back.
In this example, third parties, who are part of the influence equation, could pay back the loan on the candidate’s behalf, avoid FEC/public scrutiny and hold influence over what the elected political official does in office.
That’s the BIGGER question in this example.
• Was this second scenario a method for Wall Street, via Goldman Sachs, to put the well-educated husband of one of their “employees” into office, simply to insure that as a U.S. Senator he was friendly to their interests?
• Would Wall Street industrial bankers, who finance global corporations, be able to insure this type of candidate would, as an example, advocate for something like Trans-Pacific Trade?
• Would Wall Street institutional bankers, who benefit from low interest loans via U.S. Treasury, be able to influence such a candidate to avoid auditing the federal reserve?
• Would Wall Street institutional banking agents who benefit from low interest federal borrowing, and higher interest investment loaning, be able to influence policy regarding North American economic development?
• Would, as an example, a billionaire hedge-fund manager (Robert Mercer), who is in a legal fight with the IRS to the tune of $10 BILLION taxes owed, be willing to invest several million, perhaps tens of millions, into a presidential campaign in an effort to win the White House and influence a U.S. Tax Policy that would tilt the IRS scales in his favor – and consequently save him billions?
Those become the bigger questions to consider when asking yourself why would such a brilliant legal expert, a very smart lawyer like Ted Cruz, just inadvertently omit such a filing to the FEC.
Wouldn’t an equally sharp spouse like Heidi S. Cruz, who was -according to Ted- a key decision maker in the loans, and who is also an energy investment banker with Goldman Sachs, also identify the concern?
I’m beginning to take a much more skeptical look at Senator Ted Cruz’s financial intents and the people who hold influence upon him.
The Robert Mercer angle alone is showing some VERY ALARMING “probabilities”.
….The fact that Mercer owes the IRS between $6 and $10 billion, and is in a legal dispute over payment,… in connection with Mercer setting up the Keep the Promise (KtP) Super-PAC before turning it over to David Barton (Glenn Beck affiliate),…. and then Mercer giving Carly Fiorina the start up money from KtP to begin Carly for America,… and then Mercer purchasing the Data Analytics for Ted Cruz,….. and then Mercer buying influential interest in the Breitbart website to the benefit of Cruz….. All gives the brutally obvious motive of a quid-pro-quo.
Robert Mercer spends $100 million to get Ted Cruz the White House; Ted Cruz then turns around and leverages a better IRS result for Robert Mercer.
One of Cruz’s primary campaign points is the elimination of the IRS and the imposition of a flat tax. If successful, that would save Mercer $6 to $10 billion.
That’s BILLION, with a “B”.
In addition the Cruz campaign head Rick Tyler made some very bold-faced misrepresentations earlier tonight about K-Street Lobbyists and Donors not having influence over Ted Cruz’s legislative record.
The truth begs to differ significantly (as noted above).
There are three KtP Super-Pacs and they are all spending significant amounts of money. See HERE and See HERE and See HERE [Notice the Cambridge Analytica is Robert Mercer.]
Something very sketchy is going on…
Today the left-leaning group Texans for Public Justice filed a complaint against Cruz alleging the senator purposely hid more than $1 (million) in loans.
The Dallas Morning News reported:WASHINGTON – The left-leaning group Texans for Public Justice filed a complaint Tuesday alleging that Ted Cruz purposely hid more than $1 million in loans from major banks during his 2012 Senate campaign…
The FEC confirmed Wednesday afternoon that it had received the complaint. The commission has five days to evaluate it and decide whether it was filed properly and has merit.
On Wednesday, Democracy 21 and the Campaign Legal Center — two campaign watchdog groups — announced their own joint complaint filed with the FEC…His defense has been that while he neglected to disclose the loans on campaign reports, he did report them on personal financial disclosure forms on file with the U.S. Senate, as required of candidates and senators.
Put together, this suggests that Cruz took out loans which he then shifted into his campaign in the form of a loan. But this is not how the loans were described on his Senate campaign filings with the FEC…The Senate filing makes no indication that loan proceeds went into the Senate campaign.
I rest my case.
Cruz re-files the paperwork with all the right things in all the right columns and this goes away.
Not saying this should not be brought up, it should.
It was public record and fair game.
Lawsuit will be thrown out, I would think.
More like an audit, of sorts.
Answer this question honestly if you can.
If the circumstances of the birth of Cruz and Hillary were reversed, would you be so intent on defending your version of NBC qualification for Hillary as you are Cruz?
Facts are a hard thing to swallow for a Cruzer, I understand.
The original poster stated all FACTS. I know facts are a bitch when they are against your candidate.
Abdul Mohammad born in Saudi Arabia from a Saudi Father and American mother is also eligible as natural born citizen!
I’m not defending anybody. I was kind of making fun of the direction I suspected the thread to take. To be honest, I’m fed up with this stuff already, and we have ten months to go.
Both of us. I have been through more than a few of these vile name calling sessions. I comically asked weeks ago what would happen when Palin endorsed Trump.
Wow, I know freepers are fickle but the outrage surprised me. Then after a couple years of Freepers calling Glenn a moronic money grubber another quandary presented itself, what would freepers do? Well that was a shock too.
So what do these two events, that created so much discourse, have in common? Love is turned to disgusting hate and hate is turned into love by Cruz supporters. I hate no one it is a wasteful endeavor.
You never answered my question it was not meant to be argumentative I really wanted to know your logic.
“You never answered my question...”
Honestly, I would not defend Hillary. That’s a sad admission on my part because, if I were to defend Cruz...logically?... I should defend Hillary also. But, I have such a visceral dislike and distrust for the woman, that ANY reason to take her out of the running would suit me fine.
As far as my “version” of Cruz’s NBC status, I don’t really have one. I know what I’ve read, but I don’t know what is right or wrong. I DO know that if someone is going to make a legal issue out of it...I’m afraid that it’ll be left to a broken system to make the decision.
Lord knows what THAT answer will be.
For sure it won't be left up to us which makes it a fruitless argument.
Appreciate your truthful answer. I personally don't think Cruz qualifies but I am not dogmatic about it because the final decision is not up to me, I just found it slightly hypocritical of those that denounced Obama (and I was one)who I would think has a slightly better case if you believe that counterfeit birth certificate.
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