Posted on 01/21/2016 5:27:24 PM PST by DrewsDad
Citibank, in particular, played a major role in one of the Trump’s organization’s more notorious bankruptcies, when the Trump Plaza Hotel in Atlantic City was underwater and Trump owed over $550 million on it to various creditors, with Citibank at the head. In order to restructure his debt, Trump gave Citibank and other creditors a 49% ownership interest in the hotel.
As for Goldman Sachs, Trump is himself a shareholder in Goldman Sachs, which means he has a direct financial interest in its success. One would think that would make Trump even less enthusiastic about protecting me from Goldman Sachs (whatever that means) than Cruz would.
>>The name calling and use of alinski tactics by followers of trump on FreeRepublic is disturbing.
Tactics are just tactics. The Nazis invented the blitzkreig, and Americans used it to great success. They invented unrestricted submarine warfare and our submarines employed it in the Pacific. That doesn’t make us Nazis.
We better learn how to use Alinsky tactics because they work! The Cruz fans are using them against the Trump fans and vice versa. Good! Because the democrat will CERTAINLY use them against us later this year.
It is stupid to say, “I will not use a tactic because my enemy uses it.” I mean, really, really stupid.
Wow, that’s grasping.
You’re exactly right!
Donald Trump is a risk!
Does Trump have ANY influence over GS?
Can he vote/make Law for the benefit/bane of GS?
Did he fail to note said laws on the required forms?
RedState ^ | January 21st, 2016 | Leon H. Wolf
Suprise, suprise.
The FEC report would have been the only document linking the loans to the campaign, but the information was omitted.
I don’t know how many times I have to type this.
Now Trump supporters are Nazis who will roast in Hell. You have a basic misunderstanding of the issue. There’s a special circle for those who spout accusations when they have failed reading 101.
What are we going to do with these people? Can’t they read?
I have to conclude that they are purposely trying to confuse the issue.
The “points” they are making:
Banks are not really bad.
Loans are not really bad.
Trump borrows money from banks too.
Cruz paid it back.
It was a long time ago.
It wasn’t really bad.
They don’t care that the FEC regulations are to protect them and other people like them from voting based on incomplete information. I never thought FR was such an ignorant, lazy place.
Ted is TPP, Corker, and good intentions.
Trump fanbois don’t care. They’ve been sucked into the cult of personality, and have become hardcore apostles of The Donald. It’s really pathetic, seeing FReepers become so entangled in the Trump cult.
It really is a puzzle. The only thing I can come up with is that the “cult of personality” is a real thing.
Trump fans just don’t care. The facts are meaningless. What Trump said a couple of years ago is meaningless, because he’s now proclaiming hope and change ... for conservative suckers. The past is irrelevant. Look at how he commands a stage, and how big his audiences are.
No... Trump forgot to pay over 500 times what Cruz borrowed back.
And when Trump dealt w/ G/S, he was not a candidate for office trying to dupe trusting Texans into voting for him.
BACKSTORY Cruz/s Senate election fairy tale has become legendary......portraying himself as a scrappy populist putting everything on the line to overcome a wealthy establishment opponent.
He was whining in the media, telling trusting Texans that that he, and his faithful little wife, 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 TRUSTING 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 trusting 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 trusting Texans.
At the same time, he also did not disclose he was a dual Canadian citizen......the Harvard-educated lawyer w/ two Ivy League degrees said he didn't know.
===================================================
UT, OH Cruz told Levin he used the Wall Street loans for the campaign/s TV ads......but these loans have never been reported as campaign related. Cruz does not need the FEC/s permission to fully disclose the info. What is he hiding?
EXHIBIT ONE <><> In January 2016, the New York Times reported that Cruz and his wife had taken out low-interest loans from Goldman Sachs (her employer) and Citibank, and failed to report the nearly $1 million in loans on Federal Election Commission disclosure statements as required by law.[97] Cruz disclosed the loans on his Senate financial disclosure forms in July 2012, but not on the Federal Election Commission form.[98] The loans were largely repaid by later campaign fundraising.....even though Cruz/s spox recently said no donor paid off the loans. A spokesperson for Cruz said his failure to report the loans to the FEC was "inadvertent" and said he would be filing supplementary paperwork.[97]
EXHIBIT TWO <><> Time magazine reported on a potential violation of ethics rules by Senate candidate Cruz. ........by failing to publicly disclose his financial relationship with Caribbean Equity Partners Investment Holdings during the 2012 campaign, Cruz called his failure to disclose these connections an inadvertent omission.[96]
Cue the Godwin’s Law meme!!
Yeah he just doesn’t pay them back and declares bankruptcy, unlike Cruz who pays them back.
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 trusting Texans.
At the same time, he also did not disclose he was a dual Canadian citizen......the Harvard-educated lawyer w/ two Ivy League degrees said he didn’t know.
Ted tricked Texans. Not good.
Think it through.
Who has Cruz been fighting in the Senate?
(Answer: RINOs and GOPe who are “moderate” and undistinguished from Dems. )
Think it through ALL THE WAY.
No. Trump is UNPREDICTABLE. That’s a big risk.
Read National Review Online. Who are those people ?
Steady, predictable Conservatives.
Think it through.
Classic apples to oranges. It’s getting amusing watching redstate fumble around.
You need to get informed......you post incorrect information.
A business bankruptcy is far different from a personal bankruptcy. In a business bankruptcy the loan terms are refigured...usually to the bank's advantage. No one walks away scot-free from a business bankruptcy.
You say Cruz paid back his G/S-Citibank margin loans. Yet, Cruz told Levin he used the Wall Street loans for campaign TV ads.
But these loans have never been reported as campaign related.
Cruz/s spox recently said the loans were not paid off by donors.....yet it was reported earlier that the loans were largely repaid by campaign fundraising.
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