Posted on 02/12/2016 8:27:07 PM PST by TBP
When Donald Trump heard that Ted Cruz had taken out a loan from Goldman Sachs (against his own investments, by the way), he lashed out at his rival. The loan proved that Cruz was owned by the banks! He could not be trusted! He'd just do Goldman's bidding!
Oh my, how terrible! Yes, Cruz was clearly a crony of the big banks.
This criticism caused the Cruz campaign to study Trump's own finances a bit. What they've discovered is downright shocking:
Republican presidential hopeful Ted Cruz on Sunday said GOP front-runner Donald Trump owes “hundreds of millions or even billions†in unpaid loans. “If you look at his financial disclosure, he owes at least $480 million right now, and it could be billions,†Cruz said on “Fox News Sunday.†Cruz then lashed out at Trump for criticizing him for taking out a one million dollar loan:
He knows this loan story is complete nonsense. It’s also the height of chutzpah for someone who owes hundreds of millions of dollars, if not billions of dollars, to attack Heidi and me because we put our life savings into running for Senate. And that brings me to The Donald's character. This man is a pathological liar with no moral compass whatsoever. Time and again, he accuses his rivals of doing something he -- Trump -- himself is guilty of it. See also his accusation that evangelical leader Bob Vander Plaats demanded $100,000 to speak at a rally in Iowa, with the facts proving that Trump demanded that incredibly amount and got it.
(Excerpt) Read more at pjmedia.com ...
Grasping at straws...this is pathetic..lol
Anyone who does not see the difference between a business loan and an unsecured loan to support a campaign is an idiot.
Go Trump!
Go Cruz!
Trump supporters won’t care.
Are Trump’s loans business loans or personal loans for political purposes? Securing these loans usually entails different assets......
Me Too Teddy strikes again!!
W A N K E R !
Of course he owe money.
He’s got his neck on the line every day.
What business guy doesn’t?
Where do you go to get hundred million dollar loans, Aunt Mable?
God you guys are slow.
BIG difference here. Cruz is a nobody, with no assets. When Goldman Sachs lends him money, it is to but the only asset he can offer: INFLUENCE. When they lend money to Trump, it is for some of the most luxurious residential and commerical spaces in the world. They want to make money. And they sure do. Trump Tower makes more in one year of rents than it cost Trump for the entire building. Cruz may have memorized the constitution, but he is an infant when it comes to the real world.
How many times have we heard this same crap from the Tediban’s Mini Bernies?
Goldman Sachs, Canadian, stole Iowa, Ted Mean, Goldman Sachs, Sue over being Canadian, all polls anti-Trump unless he leads them, Goldman Sachs, Canadian, Mean Ted, Carson is a pathological liar, like a pedophile, like a violent criminal, Goldman Sachs, Universal Healthcare for everyone, Mean Ted, Jimmy Carter endorses Me, Goldman Sachs, Mean Ted, McConnell’s a good man, Canadian, Goldman Sachs, I agree with Bernie on big bad drug companies, I like Chuck Schumer, Mean Ted, Goldman Sachs, Canadian.
The question is, who are the working for, Ted or Hillary?
When you owe the bank millions, they own you.
When you owe the bank billions, you own them.
That being said, collateralized loans and personal loans (none of the latter Trump is likely to have) are two wildly different things.
You do not seem to understand that a loan against ones own retirement account is not only secured, but can be converted to an early withdrawal at will, only requiring the taxes and penalty to be paid.
Yet you call others idiot.
Ted Cruz’s accusations demonstrate the reason why he is unfit to manage the economy, because his accusations are a false comparison. His own financial position is not backed by the assets necessary to service the campaign loans except by political favors, whereas Donald C. Trump’s business loans are not for his political campaign but are instead used to service and are backed by some of the most valuable real estate developments in the world. Consequently, Ted Cruz’s accusations about the financial loans for Trump’s business activities reveals a person who chooses to make a dishonest comparison about the character of the loans or is too ignorant to know any better, which in either case would make Ted Cruz appear to be a person too spoiled by the patronage of government employment and/or ignorant about the world of business finance to be qualified for the management of the nation’s economic recovery.
Have there been ANY articles posted on anything that is strictly Ted’s agenda since New Hampshire?
Or just Ted trying to tear down Trump?
Me Too Teddy must feel it slipping away.
Oh come on, I cannot belive Cruz is this stupid! I can believe he is this desperate to win the big prize he has deluded himself into thinking he is destined for, however.
Let’s just put it in simple terms that even Cruzinistas can understand. Let’s say a person has an income of $100,000 per year and buys a car that costs $20,000. That means the person owes the bank 20% of his annual income.
Trump Enterprises has annual income of about $9.5 billion. And while business and personal finance is obviously different, having the same amount of debt would mean the company owes the banks around $2 billion at any point in time. These loans can be for lots of purposes, working capital, to offset other investments, -advances on construction of new properties that aren’t yet paying back a return, etc. Any intelligent person knows how this works, and all businesses operate with some debt because they seldom get paid (income) before some product or service has to be produced.
So either Cruz knows this and is purposely lying (again) or being deceptive (again) or he’s clueless about finance, in which case he doens’t belong in the Senate, much less in the the White House.
At this point I see no difference.
Duh - its called a mortgage so I guess every home owner is guilty too.
“May owe” ..you can’t stop what’s coming ...sit back and enjoy the ride on the Trump train ...
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