Posted on 02/03/2016 2:25:15 PM PST by FR_addict
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.
Update! Today the FEC requested information from the Cruz campaign, with a response due by March 8th: 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...
(Excerpt) Read more at theconservativetreehouse.com ...
Good one Kabar.
[A Goldman-Sachs banker and the smartest lawyer there is can’t get away with saying they didn’t know the rules.]
Hell, he didn’t know he was Canadian!
According to info I’ve read on the net he can’t repay but a portion of the loans.
Thus they are out the money.
Several articles here:
https://www.google.com/?gws_rd=ssl#q=cruz+repays+senate+campaign+loans+from+himself
Excellent read - thanks for the link.
Another one leaving Free Republic now that spam has replaced discussion and the exchange of ideas.
Well done.
“I know it sucks but we sorta want our candidates to not be thieves, up and up on their finances, not scare voters with BS mailers, not lie about someones foreign policy. I guess we are strange that way.”
Especially when they run as the most conservative, mist Christian, mist brilliant politician ever.
“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.”
Sounds like the same potential would exist with a secured loan.
“Have the loans been paid back or are they still outstanding? If paid,
how were they paid?”
We’ll never know - GS could’ve paid them back but it would be an internal thing that will never come to light.
“Now I’ll write in Cruz should Trump win the nomination.”
After Cruz’s dirty politics in Iowa. I’m writing in Trump.
Sounds like the same potential would exist with a secured loan.
- - - - -
Yes, but those, apparently, are the screwy rules.
More BS. With all the illegal Clinton contributions, they focus on loans reported elsewhere. Welcome to the Brave New World, where conservatives are incessantly persecuted.
I never thought that members such as you would become establishment chumps, unable to see through the transparent attacks on Cruz b/c he is THE real conservative and Constitutionalist.
Where in Cruz’ record does he profess his love for Reid, Schumer and Pelosi? You know who has a recent statement on the record? Yeah, it’s the con man, Donald Trump!
Yes for Cruz’s sake better hope he fully collateralized both of those loans.
Sachs was a margin loan on their joint account, as I understand it. With a margin loan there is no timeline in repayment.
Should the 300,000 children born on US soil to illegal aliens be eligible to be President? Should the children of tourists born while visiting the US be eligible to be President? In both cases they are citizens at birth in much the same way that Ted Cruz was a citizen at birth in Canada.
Why did the Senate in 2008 find it necessary to commission Ted Olson and Laurence Tribe to write an opinion on McCain's eligibility to run and issue a non-binding resolution saying he was? Are you aware of the controversy that surrounded Chester Arthur and whether he was a natural born citizen? We need to resolve this matter sooner rather than later. Let Cruz who has standing ask for a ruling from SCOTUS and end this controversy not only for him but for the future.
Where in Cruz’ record does he profess his love for Reid, Schumer and Pelosi? You know who has a recent statement on the record? Yeah, it’s the con man, Donald Trump!
Love? LOL. It is about being able to work with others. Cruz does not have one senator endorsing him. Is he the lone conservative in the Senate? Are all the others RINOs?
Unless Cruz is prepared to rule by executive orders, he will have to work with Congress. So far, he has been a grandstanding gadfly with no accomplishments and a pariah in his own party. He will have to work with McConnell and Reid to get things done. More than likely, the Dens will regain the Senate in 2017.
Trump is a deal maker. He knows how to use leverage and negotiate. Cruz has been unable to persuade even his fellow Reps to follow his lead. This does not bode well should he ever get to the WH.
“I don’t wish him more then 10 years in jail. “
Don’t worry, he won’t go to jail because even as the ranting article states, accidental omissions are not illegal.
“Would you have wanted that if you knew he was STILL a Canadian citizen?”
Well since he was a U.S. citizen and lived in the U.S. all of his life, then yes, Texas would have still wanted him.
Poor things. We’re supposed to put up with be other poor dears can’t.
Enjoy.
Any time your side wants to come back to your senses, just let us know.
Jim,
Please remove my credit card from the monthly donations.
Free Republic has become a place I can no longer support.
God Bless,
thackney
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.