Cruz: Trump May Owe ‘Billions’ in Loans to Big Banks (Feb 1 article)

PJ Media ^ | FEBRUARY 1, 2016 | MICHAEL VAN DER GALIEN

[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.

[catnipman]

Posted here gazillions of times before.

Big difference between ordinary business mortgage loans, which ALL real estate businesses have, big or small, as well as almost all homeowners as well, and secret campaign “crony bridge” loans from Goldmach Sachs where wifeypoo is a managing director and then lying about it on FEC campaign disclosures WHILE specifically campaigning against the BIG money interests during your first Senate campaign in Texas.

[Uncle Miltie]

Trump supporters are immune to mere facts! They have a yuge candidate with yuge plans for fabulous prizes and Alex, tell them what they’ve won so far!

[Reagan Disciple]

Partial birth abortion - when he wrote his book. Eminent domain - when he wrote his book. Progressive taxes - when he wrote his book. Socialized medicine - when he wrote his book (Universal health care, no one dies in the streets). Assault weapons ban - when he wrote his book. One time 14.25% tax on the wealthy - when he wrote his book. Legalized drugs - when he wrote his book. Affirmative action - when he wrote his book (and now).

That's enough for now. Flip to the flop to the flip to the flop and you don't stop.

[Just mythoughts]

Apparently Trump reported his loans from Goldman Sacks as required by law... But the Harvard Law Schooled lawyer Cruz once again exempted himself from the law..
AND did not report his loans..

Are you getting it now???

[woofie]

His whole modus operandi involves borrowing money and running things into the ground
He will be right at home in the US government

Im not sure he invented it but he certainly practiced “too big to fail”

[heights]

And you support a raving loon who imagines he is a Seventh King, meant to show America the ‘True face of God’.

[datura]

And we’ve watched Ted “evolve” on how many issues since August, instead of over 30 years?

Go ahead and tell me none.

[kabar]

Why did you change the title of the article? This is the original title:

Cruz: Trump May Owe 'Billions' in Loans to Big Banks

Trump provided his financial statement. Trump may owe billions? Cruz is a nasty guy who is up to his old tricks. No wonder none of his fellow senators have endorsed him.

[WVKayaker]

[Rightwing Conspiratr1]

The loans are hidden in plain sight:
http://pfds.opensecrets.org/N00033085_2011_nom.pdf

[DaltonNC]

Do you know a big business that does not use the banks? That is the way business invest and become profitable. Even Mom & Pop business has to depend on the banks. And how do you think banks stay in business. THEY LOAN MONEY!!!

[datura]

Run it into the ground?

Either wealth envy or too much Kool aid.

[Charles Martel]

Grab a fence post, hold it tight,
womp your partner with all your might.
Hit him in the chin, hit him in the head,
hit him again, that critter ain't dead.

Womp him low and womp him high,
stick your finger in his eye.
Pretty little rhythm, pretty little sound,
bang your heads against the ground.

[Quicksilver]

[Reagan Disciple]

So now it’s cool to let them back in?.......I thought you drones just wanted the wall to keep them out?

So what’s the difference if they stay or if they leave and then come back in to stay? Zero sum game.

You make it so easy.

[kabar]

Trump does get the highest marks on the economy. Trump has provided a complete financial statement of 100 pages. Cruz is making an allegation without any substantiation. What’s next? Trump may have killed someone.

[woofie]

Read up

4 bankruptcies

but I know ...you don’t care or you don’t want to know

[datura]

Drones?

Tell me when Ted is even making them leave? But since he’s an immigrant himself, no wonder they can stay, eh?

And evidently you’re clueless about how long it takes to get into the US legally.

My brother in law has been waiting 10 years since his approval.

[WVKayaker]

Cruz: Trump May Owe 'Billions' in Loans to Big Banks

Banks don't make $billion loans unless the borrower can PAY back $Billions. They make those loans based on property values, and the borrower's ability to repay. The borrower's record is also part of the formula.

Of course, Cruzbot's evidently don't know much about making money. But, Teddy sure knows how to get signature loans and donations from Wall Street Bankers!

Good segment now on Fauxnews. Needs to be watched as it is on NOW

[datura]

Learn economics.

Those were corporate restructuring under US law, not personal bankruptcies, Bernie.