No bearing on his current race. People in finance know exactly what a loan against a margin account is. It is people who think they know what a margin account is, who think this is somehow wrong. The key element to this... is what are the terms of the margin loan... what interest rate extended and length of payback term. IF this is a “special deal” by Goldman, then they will be coming after Goldman as well— for what that is worth, which is nothing, since Goldman has their fingers in every pie.... and might add, very much into Mr. Trump’s real estate pie. The notion that trump somehow is not “beholden” to anyone is ludicrous. That would speak of an individual who is running a pure, cash in cash out business in billion dollar real estate— it’s just not true.
Don’t believe the rhetoric— they are all beholden to the banks, and especially to Golden Slacks, a truly evil outfit. Romney, fwiw, was a consultant with Bain Consulting in baaahston— another totally evil corporate laundry machine— which fits romney to a T. Deo Vindice.
Well Cruz will be out of the race and back in his senate seat before this FEC investigation is over but based on Teddy’s track record I will not be surprised to find out he is in violation.