Campaign Watchdog Group Files FEC Complaint – Ted Cruz Failure To Disclose Goldman Sachs/Citibank Financials…

By now most people are aware of the controversy surrounding Candidate Ted Cruz and his failure to reveal $1.3 million in campaign “loans” from Goldman Sachs and Citibank during his 2012 campaign for the senate.

At the heart of the issue is a failure of Ted and Heidi Cruz to list Wall Street “loans” on the required Federal Election Commission financial reports.

Together with the campaign officials the Cruz’s say the non-reporting was an accidental oversight.  However, a watch dog group has now filed a complaint with the FEC which is step one to beginning an FEC investigation.

cruz goldman sachs

The full complaint (pdf) is outlined below.  However, the larger question behind the complaint would be the motive for Ted and Heidi Cruz to hide the source of their campaign funds.  The activity the complainant is presenting to have the FEC investigate, if proven accurate, is factually illegal.

The “accidental omission” is not necessarily the problem.  The irreconcilable consequences from an accurate filing are the larger issue.

They can correct the missing information and file amended reports.  However, if the Cruz campaign corrects the record based on the explanations to the media, the amended reports will reflect their violations of federal campaign finance laws.

A candidate CANNOT take out an unsecured signature loan for their campaign.  Also, while the legalese can quickly get a person into the weeds, essentially a candidate’s spouse is similarly limited in contribution amount to the same principles as an unrelated campaign donor.

cruz and heidiIf a candidate could take out an unsecured signature loan, it opens the door wide open to corrupt exploitation by external influence.

The candidate with $500k in assets, or a Manchurian candidate with zero in assets, could be given a $2 million loan – which the loan originator would not expect to get back.

In this example, third parties, who are part of the influence equation, could pay back the loan on the candidate’s behalf, avoid FEC/public scrutiny and hold influence over what the elected political official does in office.

That’s the BIGGER question in this example.

•  Was this second scenario a method for Wall Street, via Goldman Sachs, to put the well-educated husband of one of their “employees” into office, simply to insure that as a U.S. Senator he was friendly to their interests?

•  Would Wall Street industrial bankers, who finance global corporations, be able to insure this type of candidate would, as an example, advocate for something like Trans-Pacific Trade?

•  Would Wall Street institutional bankers, who benefit from low interest loans via U.S. Treasury, be able to influence such a candidate to avoid auditing the federal reserve?

•  Would Wall Street institutional banking agents who benefit from low interest federal borrowing, and higher interest investment loaning, be able to influence policy regarding North American economic development?

•  Would, as an example, a billionaire hedge-fund manager (Robert Mercer), who is in a legal fight with the IRS to the tune of $10 BILLION taxes owed, be willing to invest several million, perhaps tens of millions, into a presidential campaign in an effort to win the White House and influence a U.S. Tax Policy that would tilt the IRS scales in his favor – and consequently save him billions?

Those become the bigger questions to consider when asking yourself why would such a brilliant legal expert, a very smart lawyer like Ted Cruz, just inadvertently omit such a filing to the FEC.

Wouldn’t an equally sharp spouse like Heidi S. Cruz, who was -according to Ted- a key decision maker in the loans, and who is also an energy investment banker with Goldman Sachs, also identify the concern?

cruz donors 2

I’m beginning to take a much more skeptical look at Senator Ted Cruz’s financial intents and the people who hold influence upon him.

The Robert Mercer angle alone is showing some VERY ALARMING “probabilities”.

….The fact that Mercer owes the IRS between $6 and $10 billion, and is in a legal dispute over payment,… in connection with Mercer setting up the Keep the Promise (KtP) Super-PAC before turning it over to David Barton (Glenn Beck affiliate),…. and then Mercer giving Carly Fiorina the start up money from KtP to begin Carly for America,… and then Mercer purchasing the Data Analytics for Ted Cruz,….. and then Mercer buying influential interest in the Breitbart website to the benefit of Cruz….. All gives the brutally obvious motive of a quid-pro-quo.

Robert Mercer spends $100 million to get Ted Cruz the White House; Ted Cruz then turns around and leverages a better IRS result for Robert Mercer.

One of Cruz’s primary campaign points is the elimination of the IRS and the imposition of a flat tax.   If successful, that would save Mercer $6 to $10 billion.

That’s BILLION, with a “B”.

In addition the Cruz campaign head Rick Tyler made some very bold-faced misrepresentations earlier tonight about K-Street Lobbyists and Donors not having influence over Ted Cruz’s legislative record.

The truth begs to differ significantly (as noted above).

There are three KtP Super-Pacs and they are all spending significant amounts of money.  See HERE and See HERE and See HERE  [Notice the Cambridge Analytica is Robert Mercer.]

Something very sketchy is going on…

ted and heidi kiss

This entry was posted in Election 2016, Notorious Liars, Ted Cruz, Uncategorized. Bookmark the permalink.

501 Responses to Campaign Watchdog Group Files FEC Complaint – Ted Cruz Failure To Disclose Goldman Sachs/Citibank Financials…

  1. Mike says:

    Gotta say, Sundance’s due diligence, detail on these articles is quite impressive!

    Thank you!

    Liked by 22 people

  2. nhtrespasser says:

    guys, please help me to find the Cruz flip-flops video, with something about consistent conservatism at the end, posted recently in the comments like last 2 or 3 days

    Like

    • flova says:

      The comments at the AT article are better than the piece. Read them.

      Liked by 2 people

    • Crassus says:

      So what? The Tea Party as it started out has been dead since the elections of 2010. It exists today as a cash cow for the leaders of various “Tea Party” groups to line their own pockets and as a boogie man for the Left to scare more money out of rich liberal donors.

      Like

  3. vincentjappi says:

    It seems that the IRS is the most corrupt in the whole story.

    Liked by 1 person

  4. Doodahdaze says:

    He is going to … Waterloo ..To be endorsed by a Loon. This oughta’ be a goodun’.

    Liked by 3 people

  5. RP says:

    No one is talking about this Time article from a few years back:

    http://swampland.time.com/2013/10/18/ted-cruz-failed-to-disclose-ties-to-jamaican-holding-company/

    Ted invested $6k in an offshore holding company with a college roommate
    Like Hillary and her cattle futures, the lawyer Ted is prescient and parlayed this $6k to anywhere from $100k to $250k in a short time.
    Ted did not disclose this holding company or his basis / windfall in his Senate Financial Disclosures. He later claimed it was an ‘inadvertent oversight’.
    The Senate ethics committee caught this ‘inadvertent oversight’ and required Ted to restate his interests in his the Caribbean holding company.
    On Ted’s restated financials to the Senate, he ‘mistakenly’ listed this Caribbean holding company with a bogus company name and ‘mistakenly’ listed this bogus company name in a different country than where the real holding was domiciled.

    This, if true and Time isn’t lying in this pretty thorough article, cannot be explained away in a shell game of who he filed what and when like he is doing with his Wall Street low interest loans.

    Liked by 7 people

    • KitKat says:

      Of course, we all inadvertantly forget about our investments that return 1567%

      (based on his return of $100,000)

      Like

    • Betty says:

      I copied most of your comment over on that Pam Geller hit piece, I attributed it this way.
      Conservative Tree House commenter RP says:
      Some times when I add an active link to a comment over on Breitbart, I go right into moderation and never get out. At least I think it is the active link or maybe they are just getting used to me.

      Seems like back in the good old days of June, July and September 2015. So many commenters have Sarah’s back, just like they did with Donald.

      Like

    • roux says:

      He has only “earned” $19K on his investment. 25-6=19…. The rest is in a promissory note and will not be considered :”earned” until the note is paid off. Although $19K profit seems like a lot. An offshore investment would be considered very risky. I think you are making more out of this than is really there. He probably could have purchased $6K worth of Apple stock and done much better.

      I really don’t like the feud between Trump and Cruz. Either would be much better than any Democrat candidate and only ONE of them will survive nomination process. Let’s not destroy each other.

      Like

      • roux says:

        FYI – I am still undecided between Trump and Cruz.

        Like

        • nhtrumpster says:

          You’re undecided. Fair enough. Maybe the profit wasn’t that startling. Fair enough. But let me ask you this:

          Do you think Cruz was ever as careless preparing for and arguing before the Supreme Court as he has been reporting his own finances where he is legally bound to be accurate?

          Liked by 3 people

      • jakeandcrew says:

        Hi Roux,

        I think the greater issue here is not the amount of money, but the deception. It’s a pattern. He fails to disclose pertinent information, and when confronted about it, his excuse is “I forgot.” Once, maybe. And I mean maybe. He’s a brilliant lawyer, so why so sloppy? But to have it happen at least 3 times, that we know of…it’s not forgetfulness. It’s intent to deceive, failure to disclose, whatever the legal term might be.

        There’s just too much coming to light about Cruz that I really don’t like. You should look into it before making a decision. Just friendly advice.:)

        Janet

        PS – Totally agree, we don’t need to destroy each other.

        Liked by 1 person

        • Fool me once, shame on you, fool me twice shame on me.

          Liked by 2 people

        • roux says:

          The do not need to go after each other this way. Let’s win it on issues.Leave the attacks for Hillary and Bernie. Each will need the others supporters to win and that is what counts. Beating the Democrats next November.

          I watched up close the gubernatorial election in Louisiana. A very red state just elected a liberal progressive governor.

          Like

  6. Renee Blythe says:

    There is an an investment group out of Jamaica that Cruz didn’t disclose as well. He is more trouble for America and most certainly a part of the current situation. A proven loser!

    Liked by 5 people

  7. Ivehadit says:

    As mentioned above, what exactly has Cruz, or for that matter, bush, rubio, etc., actually built? How many jobs? What personal and professional and financial risks-non-governmental- has any of these taken? What personal power do any of these have to completely upend the political landscape and change the conversation? None do.
    Only Donald has the strength and smarts and heart and appeal to beat the clinton machine.
    He’s nothin’ but a winner.

    Liked by 5 people

  8. Keith says:

    Just want to be sure, are you saying that Breitbart is a bought and paid for propaganda machine for supporters of Cruz?

    Liked by 2 people

  9. Cruz is not a Conservative, his persona/facade is.

    Like

  10. TwoLaine says:

    For Canadian/Cuban Rafael aka Ted and all of his Crazy CorruptocRat friends.

    Liked by 4 people

  11. The Cruz-bashers at this pretend conservative site sound like Saul Alinsky.

    Like

  12. Sandra says:

    Did anyone else watch any of the videos that popped up at the end of the Cruz plea for money ad? I watched the one where he testified about Stand Your Ground with $ybrina on the panel. He sure ****-slapped her, though in the kindest way. The viewer comments are great too.

    Like

  13. Bull Durham says:

    The new GOpe meme used by Cruz and the Left Media: Trump is favored by the Establishment. Cruz already is hanging this around Donald’s neck.

    Geller’s attack on Palin, Dole’s preference for Donald, the sudden Cruz rise in NH after the sudden rise of Kasich didn’t hold water.

    Deals now is a dirty word because they know it is Donald’s strength.
    Harmony in Congress-WH relationships is painted as “sellout”.

    The entire campaign for the Establishment, for Cruz, for GOPe, for Clinton, for Wall Street and the Hedge funds rides on Iowa outcome.

    The campaign will be over when Donald wins Iowa.

    The only thing they have left is to obscure the key words Donald uses.

    All the forces that stand to lose if they cannot stop him now—left, right, big money, marginalized and disappearing candidates have to stop Trump in Iowa or it is OVER.

    Liked by 2 people

    • Martin says:

      Agreed. Too bad we have to wait eleven more freakin’ days. Between now and then will be nothing more than speculation and nonsense.

      Liked by 2 people

    • TexasSteve says:

      This, I believe is an attempt to gaslight Trump supporters by feigning respect. Like trying to lay a reverse Midas touch on him by offending his anti-establishment base.

      Like

  14. stringy theory says:

    Sure looks like Pastor Ted is up to his hips in alligators. Just think what else that he has done that has yet to come to light. I am amazed at the research Sundance has done on all aspects of this election and beyond. I’ve never seen anything like it and all documented and explained. I continue to recommend this site to all my friends who need the truth. Wonderful site unless you’re one of the Cruzbots. And most of them are busy attacking Sarah Palin these days.

    Liked by 8 people

  15. Paula says:

    An arrogant blogger posted the nastiest blog about Sarah Palin at his “Had Enough Therapy” blog. I’ve already left a comment ( I’m Marsh there.) He’s one of the top 50 bloggers, so I assume he gets a good deal of traffic. Anyway, if anyone else loves Sarah as much as I do, please feel free to tell Stuart what you think of his blog.

    PS: he’s a Cruz supporter.

    Like

  16. azcatsclaw says:

    I’m sure the likes of Levin and Cruz suppoters will blame Trump for this financial problem of Cruz’s own making, left wing talking points etc. But on another note where is the praise for Trump for Hillary’s new problems with young women? When the other candidates refused to go “there” Trump did and now Hillary’s enabling of Bill is front and center.

    Liked by 1 person

  17. 7delta says:

    This may be slightly off topic, or maybe it’s more of an expanded look at a principle player in this issue with Cruz. Goldman-Sacs.

    For reasons unrelated to this thread’s topic, I read a couple of speeches yesterday from a 2011 conference held in London. The speeches were about Turkey’s vision for their foreign policy. Two different speeches, from Turkish representatives, are recorded on the page linked below. The website housing the page is Turkey’s official archive site. The very first paragraph jumped out. I thought about this thread.

    Dear participants, ladies and gentlemen, first of all let me express my thanks and appreciation to Goldman Sachs for this very timely organisation. Politicians and business sector should meet as frequently as possible in this very critical time of transformation. And Goldman Sachs is not only a leading firm in financial sector but at the same time like a wise man of international relations showing the trends of the general economic and political transformations and therefore in these days meetings organised by Goldman Sachs are even much more interesting and important.

    http://www.mfa.gov.tr/speech-entitled-vision-2023-turkey_s-foreign-policy-objectives__-delivered-by-h_e_-ahmet-davutoglu_-minister-of-foreign-af.en.mfa

    Both speeches are worth a quick read, in their entirety, to see parts of them specifically and to get an overall view of the theme. The Goldman-Sacs connection and the comments by the speakers about Goldman-Sacs’ role in political transformation aren’t all I found interesting, but they also gave me pause in regards to the current issue covered in this thread.

    Liked by 5 people

    • smiley says:

      very interesting.
      and not off-topic, at all.
      always good to see the bigger picture….”at this very critical time of transformation..”

      Liked by 2 people

    • jakeandcrew says:

      “Transformation” – where have I heard that word before?

      0h yeah, Obama, and his transformation of America.

      Hmmm,

      Obama and “transformation of America”…Turkey (whose President is Obama’s best bud) and “political transformation”…Goldman Sachs…Ted and Heidi Cruz.

      I used to love doing connect-the-dots as a kid.

      Liked by 2 people

  18. I am sure Mark Levin will bring this up on his show because he is very objective when it comes to cruz/s

    Liked by 2 people

  19. 7delta says:

    Hmmm. The link didn’t paste right. There were some breaks in it I didn’t notice before seeing it didn’t paste as it should. I took the breaks out. Let’s try again. Sorry

    http://www.mfa.gov.tr/speech-entitled-vision-2023-turkeys-foreign-policy-objectives-delivered-by-he-ahmet-davutoglu-minister-of-foreign-af.en.mfa

    Like

    • 7delta says:

      That link doesn’t go to the right page either. So, I copied the url from the article I found on Shoebat’s site with the link embedded in it. It worked from an email I sent to myself.

      speech by Davutoğlu entitled “Vision 2023”

      It’s not showing up in the body of this of this reply as a link, so if it doesn’t work here, and you want to search the Turkish Archive site for it, the title of the speech is: Speech entitled “Vision 2023: Turkey’s Foreign Policy Objectives” delivered by H.E. Ahmet Davutoğlu, Minister of Foreign Affairs of the Republic of Turkey at the Turkey Investor Conference: The road to 2023 organized by Goldman Sachs (London, 22.11.2011)

      You can also find it in the Shoebat article:

      http://shoebat.com/2016/01/20/91695/

      I’m sorry this link business is such a pain.

      Like

  20. Leland Nicholson says:

    You are either sloppy, have limited understanding of the issues you write about, or a a shill for anti-Cruz elements within the Republican Party. The entire “scandal” your article identifies is based on Cruz’ loans being “unsecured signature loans”. I don’t know whether you just assumed that Cruz’ loans fit that description because you wanted to feel like you “found something” or whether someone to nvorrectly informed you of such, but your article grossly misrepresents the loans. Margin loans as Cruz obtained are not unsecured at all. I’m sure he had to sign some paperwork, but that does not make it a signature loan either (signature loan is a meaningless laymans term anyway). Unsecured loans have no collateral. The campaign finance regulatione are there to prevent, as you stated, a corporation from just GIVING a candidate money and pretending the donation is a loan. Cruz loans were SECURED by and to the collateral in his investment accounts with those institutions. If the loans were not paid back the banks had recourse to seize and liquidate Cruz’ various investment holdings to recover the balance due on the loans. Your entire article is predicated on a lie. Whether it was purposeful or simply the result of ignorance, you should retract and apologize.

    Like

    • WeeWeed says:

      If YOU weren’t so sloppy and overanxious to come sling Cruz-mud, you’d see that the original article is from “The Hill.” YOU apparently are a shill for Cruz (who is liked by many of us on this forum,) so don’t come strolling into a site you don’t have a feel for with your thong in a knot.

      Liked by 4 people

    • boutis says:

      You left out the part about his wife working for them, getting the loans, and then getting a YUGE promotion (with commensurate salary and bonuses) shortly after his election to the Senate. What about that?

      Like

    • Honest Abbey says:

      Ted Cruz said he liquidated all his assets to finance his senate campaign, and then he took out the loan(s) – leading us to believe the loans were to subsidize his living expenses. So, if he defaults, how can the bank seize his assets if he already liquidated his assets?? [Feeling Confused]

      Like

  21. yohio says:

    I am very impressed with Sundance, if we look back he had alluded many times to hold on, just wait, in due time, and if needed we would find out which side Cruz was on, and all would be revealed. I guess this is what he meant, I just wonder how he knew Trumps people had or knew about a lot of this information. Either Trump and his people are really on the ball or getting some help. Wink wink. Either way both impressive, and great work from all

    Liked by 1 person

    • Sundance – you are the best. Now we all know what you meant when you said to wait.

      The Robert Mercer connection to Cruz’s plan to abolish the IRS is the worst.

      Also, why does he use “Ted” when his name is Rafael? Another phony thing about Cruz.

      Like

    • Jake says:

      I’m not , he works for Trump. How is it that Trump never does anything wrong according to what you read here?

      Like

      • Martin says:

        Really, Cruzbot………

        Like

        • stringy theory says:

          You mean “wrong” by your standards. There are a handful of critical issues facing the US, things like the country being overrun by illegals many of whom are thugs, criminals and terrorists. The globalists are destroying our economy by pushing policies that gives them trillions and power. Obamacare is literally killing the country and is helping destroy the economy. I’m not worried about whether Trump is pure on every issue or whether he has been pure on every issue in the past. He is the only candidate that is not bought and paid for by the globalists like Cruz and the rest are. I have no doubt Trump is the only man who can and will do something to save this country and make American great again as it used to be. Cruz is a total phony and has fooled a lot of lofo voters. He will soon be history after Trump tramples him in Iowa beyond. BTW, who is your candidate in this race?

          Liked by 1 person

      • LearnEdOne says:

        He really hasn’t done much wrong especially when compared with how much he has done and is going to do that is right. Please pay attention to the important issues and big picture that Trump will solve. Our country and the future of our children are at stake. This is why I could care less about ethanol for the time being.

        Like

  22. My understanding is the loan was ,in, fact, secured.

    Like

    • boutis says:

      By Mrs Cruz’s employment and enormous promotion and salary after Ted’s election to the Senate.

      Liked by 1 person

    • stringy theory says:

      If you mean Cruz’s loans from Goldman Sachs and Citibank, they could not have been secured because he said literally he and his wife liquidated all their assets to put into his campaign. I think it’s clear the real security for those huge loans as the thought Cruz would be come a Senator and wink, wink, not, help out those who loaned him the money and, in return, they would forgive the loans. That’s how it works with the globalists.

      Liked by 2 people

  23. odinsacolyte says:

    Better a capitalist than a socialist any day anytime anyplace.

    Like

  24. Jake says:

    Easy to keep your positions when your leading by a lot. Iowa is close and Trump pulls the ethanol card.

    Like

  25. ilovevictoriasbows says:

    Eliminating the IRS would save Mercer 6-10 billion? Oh, heavens, we can’t do that. Let’s keep the IRS.

    Like

  26. joshua says:

    This is not the ONLY think Cruz “forgot” to disclosed, as required by FEDERAL LAWS.

    how about this one too, from Time Magazine:

    Investigations
    Ted Cruz Failed To Disclose Ties To Caribbean Holding Company

    An old college friendship led to financial entanglement with a Jamaican private equity firm and a British Virgin Islands holding company. Neither was disclosed during his 2012 campaign.
    By Massimo Calabresi Oct. 18, 2013 1259 Comments

    Texas Republican Senator Ted Cruz potentially violated ethics rules by failing to publicly disclose his financial relationship with a Caribbean-based holding company during the 2012 campaign, a review of financial disclosure and company documents by TIME shows. The relationship originated with a $6,000 investment Cruz made more than a decade ago in a Jamaican private equity firm founded by his college roommate.

    When Cruz later reported the financial relationship in 2013, he failed to comply with Senate rules requiring full identification of the holding company and its location, triggering an inquiry by Senate Select Committee on Ethics staff and a second amended disclosure. After additional inquiries by TIME this week, Cruz said he is now in the process making further corrections to his disclosure.

    Cruz told TIME Thursday that the initial failure to report the financial relationship was an oversight that he corrected last May on his own initiative in his first filing after his election to the Senate. “It was an omission that was inadvertent,” Cruz said.

    He said the later amendment to the May filing was part of the normal interaction with Senate ethics committee staffers. “There is a routine back and forth with the staff with whom you file the report where they make inquiries,” Cruz says. He provided TIME with copies of a number of relevant documents supporting his explanation of the incorrect disclosures.

    The legally required disclosures arise from an apparently dormant business relationship, according to documents reviewed by TIME. When his wife, Heidi Nelson Cruz, served in George W. Bush’s Treasury Department in 2003, Ted Cruz went to considerable lengths to disclose his positions to the government, and to divest himself of his Caribbean holdings. But there was one exception.

    Liked by 1 person

  27. noel says:

    Do any of you responders know that a securities margin loan is borrowing from your assets. It is not the same as getting an unsecured loan from Goldman or Citibank. This is usually done to preclude selling assets that you think will appreciate.

    Like

    • John Galt says:

      Do you know that loans are associated with documents, typically signed and notarized?

      Like

      • stringy theory says:

        And the law requires anyone obtain such loans to file the proper paperwork with the FEC. Sundance has discussed this in great detail in this and many other threads. Ted did not follow the FEC requirement and his campaign simply tried to blow this issue off, but it won’t go away. He is tarred with his dirty deals and can’t clean it off. Ted Cruz has fooled a lot of low information voters and many more who are willingly blind to his shenanigans. Soon, they will find out their demigod has fallen to earth. Cruzbots are already in the initial stages of grief: first denial, then anger. This will be followed, only briefly, by bargaining and then, depression and acceptance. Accept it and skip the other phases as Pastor Ted is finished and so is his political career.

        Like

        • LearnEdOne says:

          Along with Ted’s dirty deeds, let’s look at his career accomplishments compared to Trump. Trump has always been a successful private business owner who is responsible for thousands of workers that contribute to and help sustain America’s economy. Ted Cruz has always worked for the government and only benefited from O.P.M. (other peoples money). He is another life long politician and because of his quick rise in the political landscape, like Obama, his deceitful ways are barely starting to spread.

          Liked by 1 person

    • boutis says:

      If it is a security margin loan that was used to fund a campaign that may be fraud. Where is the SEC?

      Like

    • joanfoster says:

      So glad you brought that up, Even Cruz has done a poor job of explaining how margin loans work. He basically borrowed his own money. The issue is why didn’t he report it.

      Liked by 2 people

  28. joshua says:

    The Official Ted Cruz personal defense plan…furnished by Steve Martin

    Like

  29. runthetable says:

    What’s that got to do with hiding the fact he had a loan from the very institutions he attacked for votes?

    Liked by 4 people

  30. Steve Nickerson says:

    They know
    But a clerical error to one federal agency when other’s knew, doesn’t overshadow a lifetime of work and ability
    Nor does it overshadow a Progressive in Conservative’s clothing
    Trump /cough Trump

    Like

  31. Texas is a community property state, his wife owned .50% of the home.
    She can only donate $5,000.
    Thus problems.

    Liked by 2 people

  32. The Cruz’s paid “no intrest” on this loan,
    zero
    That is a problem of not legal but of normal inside the beltway lies and fraud.

    Liked by 1 person

    • John Galt says:

      No interest? Oooops.

      Like

      • joanfoster says:

        Do margin loans require interest? He is basically borrowing from himself. Is he suppose to pay himself interest?

        Like

        • stringy theory says:

          He got deals from Goldman Sachs and Citi because of his connections. He didn’t file the required FEC paperwork and now that he is caught red-handed he resorts to prevarications and lies, the usual dodge. After Iowa, Cruz will be done except for facing the legal music over his shady deals in the past. Say goodbye Pastor Rafael Edward Cruz.

          Like

        • John Galt says:

          He’s not borrowing from himself unless the assets in the brokerage account were liquidated to fund the loan.

          Like

  33. jakeandcrew says:

    While reading the article on Jeff Roe, Cruz’s “Howitzer” campaign manager, this name stood out:

    Roe helped mainstream Republican Senator Pat Roberts in Kansas—a RINO in the eyes of many conservatives—defeat a Tea Party challenger and win re-election in 2014.

    https://newrepublic.com/article/127717/ted-cruzs-howitzer?utm_content=buffer3ce56&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

    Senator Roberts was the one who took Cruz aside before he flipped his vote on cuts to agricultural insurance, an important issue in Iowa.

    http://www.politico.com/story/2015/12/ted-cruz-flips-vote-crop-insurance-cuts-216432

    Toward the end of the roll call, Cruz strode onto the Senate floor, studied how his colleagues had voted, then voted against restoring the crop insurance.

    Two of his fellow presidential candidates, Rubio and Paul, had voted for restoring the crop insurance, a favorable vote to Iowans. Perhaps Cruz thought he could take a more fiscally conservative stand, and distance himself from the other two.

    Cruz was immediately collared by Senate Agriculture Committee Chairman Pat Roberts (R-Kan.), and the two talked for a minute or so as Cruz listened intently. He turned to Republican Secretary of the Senate Laura Dove and gave the “just a minute” signal before walking to the cloakroom.

    Walking into the cloakroom, perhaps to call, or take a call, from Roe?

    Two minutes later, Cruz approached the clerk and changed his vote.

    Perhaps Roe’s view was it’s way more important to win Iowa, than taken a stand for silly old fiscal responsibility.

    So Ted, the “Chameleon,” Cruz changed his colors once again.

    Like

  34. Paula says:

    Great article at The Week. It’s titled Donald Trump poised for the strongest primary performance in modern times.

    Liked by 1 person

  35. Doodahdaze says:

    Can’t wait to hear the Cruz Bots praise Glenn Beck. The Whacko of the Radio, and his sidekicks Bevis and Butthead.

    Liked by 4 people

  36. Sundance etal

    Ms Clinkston came to Texas today, Beaumont Texas, southeast of Houston.

    Went to a fund raise deal of muslims, organizer a Pakistani .

    Democrats are on the other team, unAmerican to the core.

    Like

  37. John Hall says:

    Did the ‘campaign for Cruz’ ever repay the loans from Cruz?

    It’s my understanding that a campaign can take out a loan, say to have t-shirts made that they will sell. But only proceeds from such activity can be used to repay the loan. Meaning, a campaign can’t use the general donation kitty to repay loans.

    Like

  38. David Addams says:

    You have entered full-fledged tin-foil hat territory on this one.

    The loans Cruz received were loans taken out against the value of assets in a brokerage account.

    This is a secured loan. The person that okays such a loan is would be a local loan manager, not the CEO of Goldman-Sachs or Citibank.

    What Cruz did was the equivalent of borrowing against a 401K account or getting a home equity loan. It’s something millions of people do every year. When you do so you deal with the local representative.

    BTW, the reason we know of these loans was because Cruz disclosed them in other filings.

    Like

    • Of some note is that Texas is a community property state.
      Ted and wife own the home 50% each.
      The value of the home was used as collateral for the loan.
      Only thing is the wife of a candidate can only put in $5,000.
      Thus a real problem.

      Like

    • John Hall says:

      First, we all know why Cruz forgot to file the required forms for the loans. That’s one issue. But the other issue is tantamount to ‘loaning’ someone a large sum of money to circumvent a gift-tax.

      Like

    • Honest Abbey says:

      That’s the normal way of doing business ….. But Ted Cruz said “Heidi and I liquidated all of our assets TO FUND OUR SENATE CAMPAIGN”. He went on to say ” We THEN took out the loan (referring to the Goldman Sachs loan, because he hadn’t yet publicly mentioned the Citi Bank loan) and he was leading us to believe this “loan” was to help subsidize their living expenses. How can you borrow against your assets when you no longer have any assets?
      Therein lies a YUGE problem for Ted Cruz.

      Like

  39. ajbenius says:

    VOTE FOR TRUMP IN THIS DRUDGE POLL!
    http://drudgereport.com/nosp.htm

    Like

  40. Dee says:

    A very fitting axiom… “When we learn what a man is most anxious to hide, we also learn why he wants to hide it”. Richard Ney.

    Like

  41. Liftolutions says:

    This just shows Ted Cruz is exactly like the Jeb Bushes and Marco Rubios of the world. Despite his “anti establishment” talk I’ve always wondered how “anti establishment” he can really be when he’s been in the upper echelons of politics for more than a decade.

    Who knows, maybe Donald Trump can be corrupted too but considering he’s never been in the inner circle like Ted and others, he’s easier to trust.

    Like

  42. wasntme says:

    Here’s a tip for the i r s. Go after that 10 BILLION and you won’t have to worry so much about if I made 5 bucks I didn’t claim.

    Like

  43. Winghunter says:

    First, the lawsuit has a lot of “may be” and “mights” in it while quoting a lot of the law without tying it directly to actions they only say are suspicious. In fact, this is a fishing expedition that’s designed to distract. Lawyers have also filed frivolous cases against Cruz when they know they have no standing – meaning they know it’s a frivolous lawsuit and only meant to distract. We’ll find out if this one goes anywhere besides the toilet where the others are soon to be.

    Second, Cruz campaigned on dumping the IRS while running for the senate. Mercer has been supporting campaigns in very large amounts across the country on several Conservative issues and candidates including fighting the mosque on Ground Zero so, it’s not like Cruz is his sole big donor. I know that every single person making over $30 thousand a year would absolutely love to see the IRS gone and a simple flat tax to replace it with so, singling out a billionaire simply because he also wants the IRS gone seems convenient for smears to me.

    Lastly, If Cruz was in fact a pay to play guy, he wouldn’t have done this: “Ted Cruz Breaks With Koch Brothers on Crime Bill
    “Before Senator Ted Cruz (R-TX) electrified conservatives with his denunciation of liberal media bias at the GOP presidential debate last week, he took a little-noticed position on a major crime bill before the Senate that set him apart from the politically powerful Koch brothers.”

    Now, Trump says he’s footing the entire bill of his run with his pocketbook but, we find out that’s not true: Report: Trump courted GOP mega-donors Adelson, Singer, and Koch (Hot Air)
    Now, that doesn’t take a lot of circumstantial-near evidence and what-ifs to figure out, does it.

    Like

  44. Shelly says:

    This is exactly why I think Ted Cruz is lying about getting rid of Common Core. Goldman Sachs is all up in Common Core

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s