Posted on 01/31/2016 7:27:11 AM PST by Cincinatus' Wife
Sen. Ted Cruz on Sunday accused front-runner Donald Trump of owing $480 million, noting "it could be billions."
Appearing on "Fox News Sunday" the Texas senator told host Chris Wallace that his own loans to run for senate were disclosed and also accused Trump of owing millions.
"If you look at his financial disclosure, he owes at least $480 million dollars right now, and it could be billions," Cruz told Wallace.
"He knows this loan story is completely nonsense," Cruz said. "It's also the height of hutzpah - for someone who owes hundreds of millions of dollars if not billions of dollars, to attack Heidi and me because we put our life savings into running for senate. And the statement that the loans weren't disclosed, he knows is flat out false. The loans were disclosed."
Wallace then pressed Cruz to explain what Trump owes.
"If you look at his financial disclosure, he owes at least $480 million dollars right now and it could be billions," Cruz told Wallace. "And by the way with loans when Heidi and I take loans, we pay them back."
"Donald's declared bankruptcy four times, and so for him to sit there owing hundreds of millions or billions or who knows, and to criticize Heidi and me for putting our entire net worth into the campaign is astonishing," Cruz said. "It is not honest, especially because the loans were disclosed, they were publicly disclosed at the time."
for Cruz to raise this pseudo issue is proof of desperation and a total failure to understand business
Cruz is just plain foolish
to post what you did is illustrative of gross ignorance that is beyond the pale.
u are trying to equate apples and kiwi fruit
Trump is NOT saying the “loan” is why he is owned he is saying his LARGE DONORS are why he is owned!!
Your post is irrelevant. What you personally experienced has NOTHING to do with 4 of hundreds of Trump companies who used REORGANIZATION. Show us what those got paid, then we can talk.
Trump could have liquidated them instead and not owed anyone a cent, but he didn’t.
Come to think of it, to those completely ignorant of business financing Cruz may score a point or two. If you have never built anything or started and run a business then you might think a loan is a loan, is a loan.
And business, like civics isn't taught in your basic high school anymore - so, why shouldn't Cruz lie through his teeth comparing his miscreant oversights with Trump's normal business practices. After all, Cruz has been able to cloud his voting record in religiosity.
http://rare.us/story/ted-cruzs-resume-is-not-the-resume-of-a-political-outsider/
Here's his Wikipedia page.
https://en.wikipedia.org/wiki/Ted_Cruz
There is absolutely NO record of Ted Cruz working in any tradtional business in his entire career. He spent a bit a time in private practice - working on the NRA and Clinton impeachment. Again, no real business experience whatsoever.
Claim what you want but the facts speak for themselves.
He an ignorant dolt when it comes to how business really works. He should ask his Goldman Sachs wife. He might learn something.
Then, borrowed against the same funds to finance POTUS campaign and 'FORGOT" to report it.
If I misread this, please correct me. This is not an argument ...I just want to know what really happened with the GS Cruz's savings and what is the misunderstanding.
I will say that Trump's loans are not to finance a political campaign and IMO< there is a difference.
Cruz’s only understanding of business is as an attorney or politician. So no practical experience and it shows.
Yes, who ever heard of banks lending to a mega-real estate developer? It’s shocking, I tell you, shocking? And here I thought they put their money into savings accounts.
Trump addressed the birth issue with the crowed that he informally polled. He explained to them that it could be an issue that would allow the ‘rats to sue over should Cruz win, which of course would produce a fiasco.
He has reported the loans, you are just too partisan for Trump to accept it.
He has reported the loans, you are just too partisan for Trump to accept it.
Cruz has not reported the loans to the FEC. Do you have a breaking news link?
BTT
Politicians very rarely own the downside of anything. Hillary and her unsecured private server, top secret emails, etc. are a good example of that.
Perhaps you could identify a mega-developer of the scale of Trump who pays off all his loans on his developments so that he does not owe a cent. There are none. Your ignorance is showing.
What evidence do you have that Trump is not abiding by the loan agreements which he has entered into? None, right?
Trump will say anything. Just now I saw him saying that Ted Cruz never disclosed that he was born in Canada. LOL!
A real estate empire with mortgage debt? Who would have guessed? It’s called a balance sheet. Assets on one side, liabilities on the other. Something Ted might know about if he had ever run a business. Dumb diversion from Ted’s “forgetting” to disclose personal loans from Goldman-Sachs and Citibank that would not have gone over well with TEA Partiers in the wake of the bailouts. And he mischaracterized taking margin loans against his stock portfolio as “liquidating family assets”. How folksie.
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