Wednesday, January 13, 2016

Ted Cruz Failed To Disclose Goldman Sachs Loan He Received To Help Finance 2012 Senate Campaign

Presidential candidate Rafael "Ted" Cruz has more to worry about than the fact he's not a natural born citizen. His campaign now acknowledges that he failed to disclose nearly $1 million in loans he received from his wife's employer, Goldman Sachs, and Citibank. From the New York Times:
As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple.
"Sweetheart, I'd like us to liquidate our entire net worth, liquidate net worth, and put it into the campaign," he says he told his wife, Heidi, who readily agreed.
But the couple's decision to pump more than $1 million into Mr. Cruz's Tea Party-darling Senate bid in Texas was made easier by a large loan from Goldman Sachs where Ms. Cruz worked, That loan was not disclosed in campaign finance reports . . . 
I don't know which is worst: the fact Cruz' wife works for Goldman Sachs; or the fact he tried to conceal a loan he received from a Wall Street banking firm and misled voters about the circumstances of the last-minute financing of his upstart campaign against the favored Republican candidate for the 2012 Senate race in Texas. I've always considered myself pretty good at spotting a fraud, and Ted Cruz always registered off-the-charts in my perception.


Marycatherine Barton said...

I don't expect Cruz to win the Indiana primary, that's for sure. This is Trump country.

Anonymous said...

Ha! Ted Cruz is also backed by a prominent Texan "Wall Street" type guy who moved to Puerto Rico last year to avoid US taxes. A class act.

Anonymous said...

Thank yo for exposing Ted for what he is, which is one of them masquerading as one of us. Re: Trump, he's nothing but trouble, too. I do believe he can win at this point because he has tapped into the public's fears. He will be a horrible president, and conservatives will want him gone inside of a year, but I can't do anything about that. I've taken the George Carlin approach. I watch the show with detached amusement, do what I can to protect my wealth and keep my powder dry. Bad times are coming. Most people are broke and buying Powerball tix. Says it all.

Anonymous said...

I suspect that Trump will not release his tax returns when requested. Or if he does, everyone will see what type of gov't whore and financial manipulator he is after all?

Will Indiana republicans still slobber all over themselves about him? Sadly yes, they will.

Flogger said...

So I just wonder if Hedi Cruz was in a position to approve and/or influence a loan to her husband. Sounds like Citi and Goldman are investing with their loans. Goldman and Citi employees also like Hillary and donate to her.

Hillary's top two career campaign contributors are:
Citigroup Inc $824,402
Goldman Sachs $760,740
The organizations themselves did not donate, rather the money came from the organizations' PACs, their individual members or employees or owners, and those individuals' immediate families.

Hillary hides behind her I am a Woman, and Cruz hides behind I am Religious, but both are Wall Street candidates.

Interesting though Cruz has become a target for Trump and Cruz not only has to defend his citizenship but now has to defend possibly a loan his wife may have had a hand in. Hillary has been targeted indirectly by standing by Bill Clinton who by any measure is not the stand up husband of a feminist. Trump does seem to find these weak points.

WebbRowan said...

I don't see why a loan will make a difference to his voters. He has the funds to put himself up and he has to settle his own financing with payment in a personal capacity. If it spills over, then and only then will we have a problem.