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 ...
What you said
Looks like a TDS shift change. I wonder if they get double time for night shift?
MICHAEL VAN DER GALIEN may have molested children.
Whenever you see the phrase “May Have” stop right there
The debt Trump has is collateralized SECURED loans, assumed for real estate projects ... They equal about 1 percent of his assets. This is a non-story. A red herring that has been raised several times previous and dispelled for the bogus garbage that it is.
Except the Tediban can’t find new material and has to recycle things.
Anyone who doesn't know that a margin loan from Goldman Sachs is fully secured by the value of their portfolio is ignorant.
Cruz took out a secured loan on the stocks in his brokerage account.
But don’t let facts stand in your way.
Yup, old Trump was all in favor of the bank bailouts and Obama’s phony stimulus program.
Yet the cultists just keep on cultying.........
He owes millions, if not billions and you want him running our economy?
I’m not quite that harsh, but I do scratch my head with some of this.
LOL
I hear ya...
Yet more financial illiteracy on display. Laughable.
Yup, it’s unfortunate there are so many FReepers who have no accounting or business background.
Excellent post ...
No need. His agenda doesn’t change daily like Trump’s.
Maybe check his tweets tomorrow for the new position.
Cruz is imploding ... Trump vs. Jeb upcoming ..the question is ,will Cruz endorse Trump or Jeb ?
Trump claims he’s going to create jobs and GDP growth and make wages rise and make everything great.
Looks like you and your guy are not on the same page.
Drone.
That’s rich.
When has Ted used the word DEPORT? Has he yet? Or is it still “enforce the laws”?
TPA much?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.