Meanwhile a former FEC chair has already stated Cruz’s mistake is a common one because of how the FEC defines what loans need to be declared. This is pure sleaze and slander and when combined with Trump’s politically expedient sellout to ethanol and documented support of many other politically expedient sellouts of the ruling class in Washington should tell us all what we need to know about Trump. I too was swept up into Trump’s anti-establishment rhetoric and how he treats the media like the jerks they are, but the truth is revealing itself and I can only hope that others can escape their herding instincts and see through the slander and lies before it’s too late. Trump is showing his hand to any willing to see it.
Cruz can clear up the potential crony capitalist sleaze today by releasing all the loan details and what assets secured those funds. He won’t be doing that. Cruz does not need the FEC’s permission to release the details. He is choosing not too at the moment. That’s his choice.
Just because something is common doesn’t excuse it.
To a talented lawyer like Cruz, the law should be pretty simple to figure out.
https://www.law.cornell.edu/cfr/text/11/104.8
“(g) The principal campaign committee of the candidate shall report the receipt of any bank loan obtained by the candidate or loan of money derived from an advance on a candidate’s brokerage account, credit card, home equity line of credit, or other lines of credit described in11 CFR 100.83 and 100.143, as an itemized entry of Schedule A as follows:
(1) The amount of the loan that is used in connection with the candidate’s campaign shall be reported as an itemized entry on Schedule A. “