BIG difference here. Cruz is a nobody, with no assets. When Goldman Sachs lends him money, it is to but the only asset he can offer: INFLUENCE. When they lend money to Trump, it is for some of the most luxurious residential and commerical spaces in the world. They want to make money. And they sure do. Trump Tower makes more in one year of rents than it cost Trump for the entire building. Cruz may have memorized the constitution, but he is an infant when it comes to the real world.
Goldman Sachs, Canadian, stole Iowa, Ted Mean, Goldman Sachs, Sue over being Canadian, all polls anti-Trump unless he leads them, Goldman Sachs, Canadian, Mean Ted, Carson is a pathological liar, like a pedophile, like a violent criminal, Goldman Sachs, Universal Healthcare for everyone, Mean Ted, Jimmy Carter endorses Me, Goldman Sachs, Mean Ted, McConnell’s a good man, Canadian, Goldman Sachs, I agree with Bernie on big bad drug companies, I like Chuck Schumer, Mean Ted, Goldman Sachs, Canadian.
Yup, it’s unfortunate there are so many FReepers who have no accounting or business background.
Um, no. A margin loan, which is what Cruz had, is backed by the assets in his investments in his account. There MUST be assets for such a loan. You, or me, or him ... or anyone ... would not even have to go sit in front of a loan officer to arrange for such a loan.
Based on what you have posted, perhaps you are the one that has no experience in such matters, not Cruz.
Let me google that for you. http://lmgtfy.com/?q=margin+loan
... BIG difference here. Cruz is a nobody, with no assets. When Goldman Sachs lends him money, it is to but the only asset he can offer: INFLUENCE.
Please. Cruz’s loan was a SECURED LOAN. Where do you get your information? Link please.
Cruz borrowed against his own account!!!
He took out a loan pledging his own savings account - not money he doesn't have, and unlike Donald, Cruz won't file bankruptcy forcing you and me to pay for his bad loan!!!
You cannot find any serious real estate operator who has not borrowed lots of money. It’s the nature of the beast. Trumps loans are undoubtedly all business loans so he is not personally on the hook. But small potatoes real estate guys are forced to personally guarantee some loans./
Lets just say the are all leveraged.
Cruz’ loan was secured by his own assets.