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roguevalley

(40,656 posts)
Fri Jan 15, 2016, 11:38 PM Jan 2016

Cruz didn't report a second loan in 2012

http://www.msn.com/en-us/news/politics/ted-cruz-failed-to-report-a-second-campaign-loan-in-2012/ar-BBofImN?li=BBnb7Kz

The Republican presidential candidate Ted Cruz, already facing scrutiny for not disclosing a Goldman Sachs loan he used for his 2012 Senate campaign, also failed to disclose a second loan, from Citibank, for the same race, according to a letter he sent Thursday to federal election officials.

The one-page letter said that the “underlying source” of money for a series of personal loans Mr. Cruz made to his Senate campaign in Texas included both bank loans, which totaled as much as $1 million. Both loans were “inadvertently omitted” from the required filings, the letter said. Previously, Mr. Cruz has only acknowledged using the loan from Goldman for his campaign.

The latest disclosure casts further doubt on his oft-stated story of having liquidated his entire family savings of slightly more than $1 million to fuel a come-from-behind win in the Republican primary. The tale has become part of a campaign narrative of a populist, scrappy Mr. Cruz putting everything on the line to overcome a wealthy establishment opponent.

His letter to the Federal Election Commission came after The New York Times reported that at least some of the “personal funds” Mr. Cruz and his wife, Heidi, put into his campaign actually came from a large loan from Goldman Sachs, where Mrs. Cruz works. The loan, for up to $500,000, was secured by holdings in a brokerage account at Goldman Sachs. The Cruz campaign called the failure to disclose the loan an honest mistake and said it would contact the election commission for guidance on how to amend its filings.
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Cruz didn't report a second loan in 2012 (Original Post) roguevalley Jan 2016 OP
Cruz is such a liar. I would like to see the Congress overturn the law that gives Cubans politicaljunkie41910 Jan 2016 #1
Interesting. Are there other immigration laws for which you have such disdain? morningfog Jan 2016 #2
Punishing all Cubans becasue we have two Republican Conservative Assholes Agnosticsherbet Jan 2016 #3

politicaljunkie41910

(3,335 posts)
1. Cruz is such a liar. I would like to see the Congress overturn the law that gives Cubans
Fri Jan 15, 2016, 11:54 PM
Jan 2016

like Marco Rubio's parents and Cruz's dad a free path to citizenship when fleeing economic (I mean political) persecution. It is so typical of those who have benefited the most from the generosity of this nation to want to pull up the ladder after they made it to the top to prevent those coming behind them from reaching the top just as they did.

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