Posted on 03/10/2016 8:23:07 PM PST by Mariner
Ted Cruz has rebuffed a request by Federal Election Commission to disclose more information about some $1 million in loans he received from two major Wall Street banks during his 2012 Senate campaign.
In a letter to the FEC this week, the treasurer of Cruz’s 2012 campaign turned down a request by agency auditors that it fill out a public form spelling out “the complete terms” of two personal loans Cruz received from Goldman Sachs and Citibank– the proceeds of which, he has since acknowledged, he used to finance his upstart race for the Senate.
“They’re stalling on what they should have disclosed four years ago,” charged Craig MacDonald, executive director of Texans for Public Justice, a liberal advocacy group that has filed one of two complaints with the FEC over the loan issue. “This is a critical point in the presidential campaign and they don’t want any more new information about it coming out now.”
The Cruz campaign did not immediately respond to a request for comment. But in his March 8 letter to the FEC, Bradley Knippa, the treasurer of Cruz’ 2012 campaign, offered this explanation for not responding to the request from FEC auditors: It is already cooperating with another arm of the agency, its enforcement division, which is conducting a separate review of the loans in response to the complaints filed by MacDonald and another advocacy group. And those reviews are conducted under strict confidentiality rules that, Knippa argued, forbid making any more information public.
(Excerpt) Read more at yahoo.com ...
There is no legal constraint on Cruz preventing him from disclosing those details to the FEC Auditor.
Or the public.
Rest assured there will be plenty of calls for him to do so.
You can take out a loan as long as it is fully collateralized by your assets. There is some question at the FEC as to whether they are properly collateralized.
He has had 4 years.
You a federal judge or recognized lawyer? If not, go sit in the corner and place your opinions beside all the other trumpanzees. Right next to the toliet.
Because if one is educated in the tax laws as I am, and if one reads Justice Roberts deciding opinion in light of the truth of the tax code & the definitions contained therein, all Americans are not subject to Obamacare. They only want you to believe you are. You see, the income tax is an ‘excise tax’ which is a tax ONLY on privileged activity. It is not a tax on the money we make, it is a tax on certain privileged activities and the tax is determined by the amount of dollars one makes from that privileged activity they have chosen to participate in. Obamacare is WHOLLY dependent upon the American citizenry's ignorance of the 16th Amendment.
And so these 2 supposed legal eagles want us to believe that Levin's liberty amendment regarding taxation will free us, when it will do the opposite to us freedom loving Americans who are educated in the tax code and who apply the tax code & file educated income tax returns wherein we pay no income tax because we are not engaged in any privileged activity that is taxable.
US Supreme Court, United States v. County of Allegheny 322 US 174 (1944)
“The Government is an abstraction, and its possession of property largely constructive. Actual possession and custody of Government property nearly always are in someone who is not the Government but acts in its behalf and for its purposes. He may be an officer, an agent, or a contractor. His personal advantages from the relationship by way of salary, profit, or beneficial use of the property may be taxed...”
See also Flint v. Stone Tracy Co., 220 US 107 (1911); Brushaber v. Union Pacific Railroad co., 240 US 1 (1916)
And I could go on and on, even with testimony of the Legislative Attorneys for the US Treasury who say the same thing, testimony before the US Congress as late as just a couple of decades ago and so unless there has been an amendment to the 16th Amendment within the last couple of decades, the vast majority of the American citizenry simply apply the taxation myths to their wealth, just as this myth of the meaning of natural born citizen is applied to those born to foreign fathers, whether they were born in or out of the United States.
“The Supreme Court ruled on this over a century ago...’
Which is why, (choke, gag, vomit and go into convulsions) John Kasich is my second choice
I could live with Cruz if he;’d wear the ineligibility like a badge of honor and say; “Barrack Obama was not eligible either nobody cared!” and use the issue to clarify the law in such a way that there were no questions on future candidates.
Cruz has not done that. Instead he pulls a Hillary and denigrates the question or just blows it off. He is a smart guy. I think he does not want to have to answer the question.
No surprise. The whole Goldman Sachs finances “grass roots” campaign deal reeked from the get go.
Cruz is not smart, he is a cunning snake, the same that was in the garden of Eden. And when you listen to his responses when questioned about it, well, doesn’t he sound just like Obama? It makes me want to vomit!
No we don’t every lawyer we’ve had in the last 50 years has sucked.
You are absolutely correct.
Don’t forget Alan Dirtyshitz!
No, the question is not collateral— these were loans against his margin accounts at the brokerage. Perfectly legal. Not sensible, but legal.
The real investigation should be— is this like the sweetheart deal Senator Chris Dodd (D-CT) got from former Countrywide mortgage (now Merrill Lynch/Bank of America) head mobster Mr. Mozilo, extended to the former Chairman of the Senate Banking committee (!) at below market interest rates. Then Mr. Dodd goes on, with Bawney (fag) Frank to write the Dodd-Frank banking “reform” to continue to bail out the criminal banking people.
So, yes it would be nice to know the terms of the margin loan at what percent- in the sense of investigating Goldman Sachs for doing this, and why. Also understand that this is chicken feed compared to how much into the banks, big ones, that Trump owes. The banks are in fact his partners, in Dubai, Qatar and elsewhere.
Oh My! I have been arguing on FB big time the last two days about Ted and defending Trump from parroted charges about him being a socialist, flip-flopper. They are SHOCKED that I came out charging for Trump against the FAKER. You would not believe the Christian Conservative dismay over my stances. I have had ppl use messenger to tell me to tone it down-they do not want Ted exposed. Seems that are getting worried. Banned me from a Tea Party FB page...it’s a scream!
Anyway this is good ammo for me if I can share it out.
Thanks!
You should be smart enough that none of that matters. The only thing that does is what the Supreme Court would rule and we all know they cannot tell the difference between a tax and a fee.
Wow! I didn’t know Ted was in bed with the CFG.
That stinks to high heaven.
It’s quite distressing to see the seemingly countless number of illegals in my home town.
Especially when they’re in front of me in the checkout line paying with food stamps.
I don't think there's any reason to assume that.
I don’t care what you say. Judge Roberts and his fellows have yet to rule on today’s candidates and elections. It is painfully obvious they do not want to because of their recent past with Obama. You should know with these judges we have now will rule however they want and your with your rulings do not matter.
Nice try, but you are wasting your time. I don’t care.
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