Home Forums Hunting & Shooting Hunter's Campfire Trump spreads lies about Cruz loan from Goldman/Sachs

I guess maybe the question is whether Trump is ignorant of the facts and speaking without looking into it (bad practice for a command in chief), or knows the facts and is intentionally slandering his opponent.

Hmm. Ignorant or liar?

http://hotair.com/archives/2016/01/...oldman-sachs-loan-is-worse-than-hillary/



Picture of the document showing Cruz disclosed the loan is here:

https://twitter.com/kerpen/status/687461435522285568/photo/1

Poor Cruz, Doncha feel sorry for the guy?

His wife worked for Goldman Sachs?,…and he borrowed money from them?

day-um!

And, he hasn't properly, fully disclosed either.

There's more to come on these loans.

This is the same trump who supported TARP and all the bank bailouts.

But hey obama was years in the making also. It's not like the democrats haven't ran as republicans before.

Trump is like Billy Clinton
He means it at the time
So it cannot be a lie (grin)

Cruz is worse than Hillary


[video:youtube]https://www.youtube.com/watch?time_continue=65&v=_NtpbWK5Kdg[/video]

I never met anyone who wore cowboy boots with a suit who wasn't a douche.

$500k @1.25% interest?

Tell me where I apply for this type of loan.

Trump built his little empire on borrowed money. Should the status quo persist and he be elected, he'll be prepared to run a country on credit.

Yea, like that guy on Dallas.

The official national debt is closing in on 19 trillion dollars. At this point there's only one way "not" to run the country on credit.

Eliminate everything the government spends money on.

,…ain't gonna happen.

And what are the interest rates on the second Citi loan and the GS loan?

A little confusion there.

And wasn't citi the "go-to" for sweetheart loans to democrats?

Seems TC was payin attention.

The Cruz should quickly fare well in the FEC Complaint filed by some lying, liberal Texans.
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FEC complaint filed against Ted Cruz for undisclosed loans in 2012 Senate campaign

Todd J. Gillman
January 20, 2016
Dallas Morning News



WASHINGTON – The left-leaning group Texans for Public Justice filed a complaint Tuesday alleging that Ted Cruz purposely hid more than $1 million in loans from major banks during his 2012 Senate campaign.

The allegations mirror details uncovered last week by The New York Times, which found that Cruz had failed to report loans from Goldman Sachs and Citibank to the Federal Election Commission, as required under federal campaign law.

“It is a big deal,” said Craig McDonald of Texans for Public Justice. “He left the voters of Texas in the dark as to who was underwriting this campaign.”

“Cruz is railing against the big banks and Wall Street, and yet he hid the fact that CitiBank and Goldman were actually providing him the money to run the campaign,” he said.

The FEC confirmed Wednesday afternoon that it had received the complaint. The commission has five days to evaluate it and decide whether it was filed properly and has merit. Cruz has already asked the FEC for guidance in how to properly amend campaign reports going back to 2012.

His defense has been that while he neglected to disclose the loans on campaign reports, he did report them on personal financial disclosure forms on file with the U.S. Senate, as required of candidates and senators.

Rick Tyler, a Cruz spokesman, emphasized that the loans were taken against Cruz family assets, and that under federal campaign law, the Cruzes can never recoup the money, effectively making it an out-of-pocket expense.

In total, Cruz put $1.2 million in personal funds toward the 2012 Senate race, some of which was borrowed. “No donor paid off his loans,” Tyler said.

And the amount that Cruz put into the campaign from personal funds was disclosed to the FEC in a timely manner, Tyler said; the error came from omitting the fact that some of those personal funds started as loans.

“This is not a serious violation,” he said.

A personal financial disclosure form that Cruz filed with the Senate on July 12, 2012 – three weeks before the runoff with Dewhurst – shows a margin loan from Goldman Sachs valued at $100,000 to $250,000, carrying 3 percent interest. It also shows two Citibank loans, totaling $500,000 to $1 million. None of these is described as a loan to the Senate campaign.

Separately, under assets, Cruz listed a loan he made to his Senate campaign worth $500,000 to $1 million.

Put together, this suggests that Cruz took out loans which he then shifted into his campaign in the form of a loan. But this is not how the loans were described on his Senate campaign filings with the FEC.

Cruz has repeatedly tried to brush off the omission as inadvertent and insignificant. The night the Times story broke, he told reporters at a rally in Dorchester, S.C., that “we had a brokerage account that has a standard margin loan like any brokerage account has and we borrowed against the stocks and assets that we had under ordinary terms. Those loans have been disclosed over and over and over again on multiple filings…. All of the information has been public and transparent for many years and that’s the end of that.”

The next night at the GOP debate in North Charleston, he called the Times report a “stunning hit piece.”

“Just about every lobbyist, just about all of the establishment opposed me in the Senate race in Texas, and my opponent in that race [Lt. Gov. David Dewhurst] was worth over $200 million. He put a $25 million check up from his own pocket to fund that campaign.” So, Cruz said, he and his wife Heidi “took a loan against our assets to invest it in that campaign to defend ourselves against those attacks. And the entire New York Times attack is that I disclosed that loan on one filing with the United States Senate, that was a public filing. But it was not on a second filing with FDIC and yes, I made a paperwork error.”

The Senate filing makes no indication that loan proceeds went into the Senate campaign.

McDonald called Cruz hypocritical for casting the Senate race in David vs. Goliath terms – that he and his wife had sacrificed so much to run against the wealthy Dewhurst – given the true source of the funds.

“This was the antithesis of transparency on his part. It’s hard for us to believe that this was inadvertent,” he said.

So the media made it public.
He then reports before the runoff but after the primary election.
Now his spokesperson says nothing was wrong with that.
So all the above makes it alright to call Trump a lyer on this issue.
Hmmmm

Why are you even in this discussion?

I thought your two candidates were having their own pizzing matches?

One of them is sure 'nuff a liar. And worse.

Just keep to the issue here that your man is riding a muddy white horse for no telling how long.

I say New York values suck. My wife works for Goldman Sachs.

Just throwing crap against the wall,to see what sticks.

If this was such a bad deal you can bet that Dewhurst would have doubled down.

I Thought The Pundits here said Trump was going to drop out of the race last month???