Guess who's Managing Director @Goldman-- has controlling interest in several Texas energy utilities?

[hlthe2b]

Guess who is managing director at Goldman Sachs which has controlling interest in several Texas energy utilities?

HEIDI CRUZ.

I can confirm Heid Cruz IS Managing Director of Goldman Sachs (https://www.linkedin.com/public-profile/in/heidi-cruz-7778114 ) and I believe they do have controlling interest in several Texas energy utilities as stated in the tweet)

Link to tweet

[Hugh_Lebowski]

1. LOCK THEM BOTH UP!!! (nt)

[LudwigPastorius]

27. There is no basis to lock them up. That is the problem.

It's not against the law for Heidi Cruz to be a managing director at Goldman Sachs. Nor is it against the law for Sachs to buy controlling interest in Energy Future Holdings (the company that owns several power producing plants in Texas). Nor is it illegal for Energy Future Holdings to neglect hardening their plants against sub-freezing temperatures.

All of this... This shitstorm that left people dead while some people made millions, is a direct result of deregulation of predatory capitalism.

A shark is going to be a shark and it will do what a shark does. If we want corporations to act in the public interest (which is NOT why they are made, nor what they are designed to do) there must be laws that explicitly compel them to do this. There must also be elected governmental boards that oversee these companies to ensure that they are complying with the law.

If things are ever going to change, Republicans must be routinely stomped at the ballot box at every level of election.

[Hugh_Lebowski]

28. I LOVE IT!

Thanks for this

[Brush Bunny]

2. That explains Teddie Boy's

actions in the last few days. And once again it is Goldman behind the scenes much like ENRON. Same shit,just another Decade.

[lindysalsagal]

3. Gonna need some more TX highway billboards....

[rickyhall]

4. Corruption seems deeper & deeper but "socialism will destroy the country".

If the crook's leave anything to destroy.

[KatK]

5. She as named managing director in 2012, same as when Ted Cruz elected Senator. Hmmmm. n/t

[Hugh_Lebowski]

29. HAS to be a total coincidence!

What else could it possibly be?

[czarjak]

6. Getting ugly?

[demtenjeep]

7. ted cruz scum

Heidi cruz=scum

[bucolic_frolic]

8. No wonder the Cancun Cruzes were beating a hasty retreat

[Ziggysmom]

9. Heidi couldn't stand the cold. Maybe she wants a little "Heat" ?

[Ford_Prefect]

10. It says she's managing director at Goldman's Huston office. This IS the same Heidi Cruz? We aren't

leaping to hopeful conclusions?

Is it Goldman Sachs or Heidi Cruz who has the controlling interest? Yes, that is a important distinction.

Either way the optics really suck for the guy with the dead racoon in his face.

[hlthe2b]

11. I believe the tweet and my comment make it clear that Goldman Sachs has controlling interest

not Heid Cruz, but it is her role with Goldman Sachs that gives her input and potential responsibility.

Wiki confirms it is Ted Cruz's wife that is Managing Director of GS in Houston, so if you deny that, PROVE IT

https://en.wikipedia.org/wiki/Heidi_Cruz

[Ford_Prefect]

15. It should make for quite an interesting investigation into possible insider info at Goldman Sachs

My confusion was over whether she or Goldman had controlling interest. I see now that it was clear. I was distracted by the initial headline. My bad.

[hlthe2b]

19. No problem. I saw another poster seemingly defending Cruz and it got my ire up prematurely

[Ford_Prefect]

20. Been there too...

[Blue_true]

35. The family lives in Houston.

It was reported in 2015 that she worked for Goldman Sachs.

But I agree with your point. From what I understand about the Goldman Sach hierarchy, while she would be a higher up in the Houston office, she alone doesn’t have the power to make investment decisions.

Lastly. I am sure that Goldman Sachs is into Wind and Solar power generation in a big way. That is how that company seems to work, cover all bases.

[KS Toronado]

12. Poor ole Heidi Q Cruz

So much controlling interest and they won't give her any electricity, poor girl.

[euphorb]

13. You can't draw any meaningful conclusions from this.

There are several thousand managing directors at Goldman Sachs, and a whole level of management above them.

[hlthe2b]

14. Defense of Cruz, aside, it does suggest a need to investigate her potential conflict of interest

not to mention Ted's role in Congress on these issues, including his continuous anti-regulatory stance. What part of that do you disagree with?

[euphorb]

22. I don't disagree with any of this.

You've accused me (in a comment above) of defending Cruz. I'm doing nothing of the kind. Nothing would be further from my mind. I am, however, a stickler for accuracy. Republicans are always making false accusations against Democrats on the basis of partial information that is poorly understood, often deliberately, and they do this all the time. We should not be doing the same thing. There is plenty of true evil stuff to accuse Republicans of. Let's not make accusations that we cannot fully support--that will tend to minimize the actual, supported accusations that we can make. I'm thinking more of the broad conclusions voiced in several comments here rather than what's in the original post.

[Hugh_Lebowski]

30. Damn ... you could totally be me ...

As such, let me just say ... I applaud your efforts.

[hlthe2b]

33. My post # 32 is for you as well.

[Hugh_Lebowski]

43. My comment was not re: this specific case, but rather the similarity to a general point

I tend to make pretty regularly on these boards

[hlthe2b]

32. The basic facts are sufficient for an investigative reporter to look into. That is the point.

One doesn't get the full facts without investigating and that is NOT an RW ethic. They would make up the details and write an expose. A tweet posts two known facts and suggests it be looked into and I did my due diligence to make certain that Cruz' wife is indeed the Heidi Cruz mentioned and that she DOES indeed serve as Managing Director at Goldman Sachs in Houston.

Maybe you want to look the other way, but most of us want to know when politicos are hurting others with policies made as a result of conflicts of interest. Another poster has documented that Ms. Cruz received that position six days after Cruz was elected to the Senate. Nothing concerning there either?

[Blue_true]

39. Like the poster pointed out. Her job could be a directorate at Goldman that has

nothing at all to do with investments by the firm. I would investigate her only if her path crossed that of instate Texas politicians that are making decisions, like she meets with them on a regular basis to influence policy. Otherwise, we would be asking to do to her what is being done to Hunter Biden by republicans, guilt by association.

[hlthe2b]

41. She was promoted six days after Cruz was elected to Senate and you think that is totally coincident

Hunter Biden was not in public office and his father was not making decisions counter to US policy or promoting new policy that benefitted Hunter. We know that because it was the subject of inquiry and was addressed by the Obama administration with the facts. Ted Cruz is a sitting Senator and has the ability to influence policy and you say that it can not even be investigated or even reported the media? Really. I guess we should just damn well give up then.

Because in your view there can not possibly be a conflict of interest even though Heid Cruz was promoted six days post Ted's election and we don't dare even inquire about it because we are Democrats. I'm sure you are convinced that she earned it and Goldman Sachs was totally unaware and oblivious to any benefits of having her spouse be a US Senator on the Commerce, Science, and Technology Committee, Judiciary, Joint Economic Committee, and the Committee on Rules and Administration--not to mention his relationship with Trump and Texas Senior politicians. And we can't inquire about it, because we are Democrats.

Goldman Sachs IS heavily invested in energy. So, ignore such conflicts of interest if you will, but most of us want potential conflicts of interest that can hurt large swaths of the population identified and investigated when necessary. But, of course you say WE can't even inquire about it or expect media to report on it as a potential issue, because we are Democrats.

Well, bullshit on that. Most of us are fighting and are not going to turn a blind eye to potential issues that can affect policy-making affecting countless thousands of Americans or more.

[Blue_true]

45. I agree with the points that you made about Hunter Biden and

the witch hunt republicans, including Ted Cruz are running against him. But we know that Cruz is a ethics free slimeball. Maybe his wife is like him, maybe she isn’t. I would be for an investigation of her only if there is firm evidence that she had a direct role in Texas energy affairs.

As I pointed out in another reply to you, the six days after Cruz won office could be totally meaningless. Jobs like hers are highly competitive and gets reviewed by many groups, a process that can take months, even a year or more.

[Blue_true]

36. Exactly. It is a fancy title that can mean very little.

She may have nothing at all to do with investments by the firm.

[FakeNoose]

16. Well of course, they can't afford trips to Cancun on HIS salary

No doubt she's paying for that, plus a lot more.

Jeez!

[Blue_true]

40. Depends. She likely make a decent salary. But it may not be what

you may be assuming. She likely makes more than her husband, how much more is open to speculation.

[Wounded Bear]

17. Nepotism...it's not just for breakfast anymore...

[jalan48]

18. Goldman Sachs? Those guys are everywhere.

[Major Nikon]

21. Fun Fact

Heidi Cruz was selected as managing director at Goldman Sachs 6 days after Cancun Ted was first elected to the Senate.

[marble falls]

23. So the trip was paid for by "wind fall".

[AllaN01Bear]

24. i hate goldman sachs. needs to go away.

[calimary]

25. Well well well. The worm turns. As does Mrs. Worm.

[IronLionZion]

26. She crossed the border to seek a better situation for her daughters

to the warm sunny beaches of Cancun. Texas energy investments must be paying well as people's bills get jacked up sky high while millions had no power, heat, or water for some time.

[Blue Owl]

31. This should be ALL OVER the news story cycle

[Celerity]

34. there are over 2,500 managing directors at GS, it is not a top position (I am NOT saying this clears

her of dodgy shite btw)

They have over 12,000 VP's (the level right below MD)

Every two years they promote 450 to 500 or so VP's to MD.

https://www.fnlondon.com/articles/goldman-sachs-promotes-465-to-managing-director-here-are-the-names-20191114

[hlthe2b]

37. Reportedly received her promotion six days after Ted Cruz was elected to the US Senate

I'm sure you are convinced that she earned it and Goldman Sachs was totally unaware and oblivious to any benefits of having her spouse be a US Senator on the Commerce, Science, and Technology Committee, Judiciary, Joint Economic Committee, and the Committee on Rules and Administration--not to mention his relationship with Trump and Texas Senior politicians.

Goldman Sachs IS heavily invested in energy. So, ignore such conflicts of interest if you will, but most of us want potential conflicts of interest that can hurt large swaths of the population identified and investigated when necessary.

[Celerity]

38. oh, for sure their are likely some serious shenanigans going on, just was painting a fuller picture

as to what level she is at in that POS bank's banks hierarchy.

The Tweet left out 'a' so perhaps some think she is 'the' managing director, which is a large difference on the power spectrum (thousands versus one or a handful)

[Blue_true]

42. The six days after could be meaningless.

Jobs like the one she has usually take many months to get resolved. She was likely in line for the promotion before Cruz even decided to run for the U S Senate.

Should she be investigated? Only if reliable information comes out that she played a key role in making decisions that led to Texas’ energy grid, or that she routinely influenced Texas decionmakers. Anything else falls into the same space as investigating Hunter Biden because he took a corporate board job while his Dad was Vice President - there was no association between the two.

[hlthe2b]

44. You are arguing against it even being raised.

You know NOTHING gets answered without first asking the question. But, I guess, as Democrats we aren't even allowed to raise the issue nor MSM ask about it? Just look the other way when anything fishy comes up with our R opponents right because we don't dare even question them?

Investigative political reporters exist for a purpose and contrary to some opinions, not JUST to investigate Democrats.

[Blue_true]

47. I am not arguing against it getting raised.

I am saying that there need to be some compelling information that her position has her influencing Texas energy policy - that could be as simple as knowing exactly what her managing director role entails. I can promise you that there are a number of managing directors in the office that she works in, so we need to know her exact role and how she could influence Texas energy policy, we don’t need assumptions being made about her title. Investigative reporters only investigate if there are indications of impropriety, then they dig deeper. Her role likely can be figured out from Goldman, if that warrants a deeper look, then I am ok with that taking place.

On the surface, what Texas did with it’s grid was not illegal, stupid but not illegal. Also, I read that the Texas energy grid policy is almost a century old, do we hold politicians like LBJ and Democratic Texas Governors responsible.

Lastly, on Goldman Sachs. Like any investment bank, when it sees a chance to make money, it is going to get involved. Like it or not, investments in electric and other energy producing utilities produce stable income (except for coal). Goldman likely has vertically integrated investments in several energy producing sectors, including Wind and Solar. I don’t knock the company for the investment, although I would not trust it farther than I can spit.

Nice debating with you, always a pleasure.

[Hassler]

46. Lock. Her. Up.