Insufficient collateral?
Already, Texans didn’t like how Cruz said he busted the piggy bank to fund his come from behind win in the Senate race to only find out later about these loans.
The "busted the piggy bank" story stunk to high Heaven from the get go. Who has a million dollars laying around in a piggy bank anyway?? (metaphporically speaking of course)
He was whining in the media, telling trusting Texans that he, and his faithful little wife (a $700,000 globalist lawyer employed by G/S), were forced to liquidate their entire family savings (of slightly more than $1 million) to fuel a come-from-behind win in the Republican primary.
NOW TEXANS LEARN Cruz did not liquidate family assets.....he got his hands on over a million dollars from his hefty margin accounts at G/S and Citibank......and did not disclose this on FEC reports (to keep it a secret from Texans).
Cruz did not disclose loans on FEC reports (required by law) b/c Texans would have discovered he was not the aw-shucks rube he pretended to be. He continued the rube act in order to milk votes from Texans.
At the same time, he also did not disclose he was a Canadian citizen......the Harvard-educated lawyer w/ two Ivy League degrees said he didn/t know.
When the Dallas Morning News published Cruz/s Canadian birth certificate, Cruz put Texans through the charade of renouncing his Canadian citizenship.....even though Canada did not recognize dual citizenship at the time of his birth.