The FEC insists big loans are reported since otherwise it would get around the finance laws and allow big donors never to be held to account, allow money laundering, and allow loans to be silent income.
Iowa Bible Thumpers are not going to like all this law breaking by a guy who knows better.
The FEC hasn’t even ruled that these loans were required to be reported. These loans were personal loans secured with personal assets, not loans made to the campaign. The campaign was not required to pay these loans back.
At most, this would require an amended filing, but that hasn’t been determined yet.
Most would find it a lot more concerning if they'd hear that he smoked a joint once in college. But that kind of stuff wouldn't come out until right before the general election. It wouldn't even have to have the least element of truth to it. All it would take is somebody making the claim to send them into a tizzy.
Trump isn't as vulnerable to that kind of attack, because he's presenting himself as the best candidate more because he's a strong leader, not because he's the best as reciting Bible verses.
“The FEC insists big loans are reported since otherwise it would get around the finance laws and allow big donors never to be held to account, allow money laundering, and allow loans to be silent income. Iowa Bible Thumpers are not going to like all this law breaking by a guy who knows better.”
I can only imagine the commercials that Dewhurst (his Primary opponent) could have made against Cruz, had Cruz properly disclosed the loan.
Clearly there was an incentive to delay disclosure, which is what’s giving people something to wonder about regarding this affair (and also giving the media justify to write copy on it).