Revelation of the 500K Goldman Sach load will cement Cruz' reputation as a true establishment player. Watch the dollars start streaming into his campaign account. Now, if he holds on to the Tea Party / evangelical vote - count on Koch Bros / Freedomworks to keep plugging the grassroots myth - and watch him take on Trump as the establishment alternative. Sail on Ted.
3
Because Goldman was one of those filthy banks bailed out by US taxpayers, my hard earned money is now being used by some sleezy Canadian McCarthy wannabee to find his un-American campaign?
WOW!
We are through the looking glass folks.
WOW!
We are through the looking glass folks.
13
Hypocrisy, thy name is Ted Cruz!
10
“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” - well.... along with the illegal failure to disclose we have the fact that both husband and wife have been selling the Americana people two other fairy tales:
1. That they actually "liquidated" their entire net worth. (a) it was not their entire net worth and (b) they didn't liquidate, which implies they took a gamble with all their assets turned into cash. A story designed to make it look like they were taking a perilous second mortgage and might lose the mansion.
2. That Mr. Cruz is anti-Wall Street when he and the GS folks were in bed together (no pun intended.) Loans for employees are no big deal - loans to fund political campaigns always have a marker attached, always.
Dig deeper - with a candidate who has a known proclivity to say or do anything to get elected, there has to be (and is) more. Keep it up, NYT!
1. That they actually "liquidated" their entire net worth. (a) it was not their entire net worth and (b) they didn't liquidate, which implies they took a gamble with all their assets turned into cash. A story designed to make it look like they were taking a perilous second mortgage and might lose the mansion.
2. That Mr. Cruz is anti-Wall Street when he and the GS folks were in bed together (no pun intended.) Loans for employees are no big deal - loans to fund political campaigns always have a marker attached, always.
Dig deeper - with a candidate who has a known proclivity to say or do anything to get elected, there has to be (and is) more. Keep it up, NYT!
20
Cruz suggested last week that the voters deliver a spanking (yes, you read that right) to Hillary for her "lies" about Benghazi, explaining that he spanks his own 5 year old daughter when she lies. (Way to neatly tie up child abuse AND misogyny in a nice little package there, Mr. Cruz!)
I wonder how he thinks HE ought to be punished for this lie?
https://www.washingtonpost.com/news/the-fix/wp/2016/01/09/ted-cruz-spank...
I wonder how he thinks HE ought to be punished for this lie?
https://www.washingtonpost.com/news/the-fix/wp/2016/01/09/ted-cruz-spank...
7
These clowns try to portray liberals and progressives has having no morality so they can court votes from their evangelical and uneducated base.
Meanwhile, the GOP continues to prove they are a party of unwavering immorality, with no sense of ethics, decency or humanity.
None of this story is surprising - nor will be the response from Cruz and the GOP. It is all somehow the fault of the liberal media, and probably Obama.
Meanwhile, the GOP continues to prove they are a party of unwavering immorality, with no sense of ethics, decency or humanity.
None of this story is surprising - nor will be the response from Cruz and the GOP. It is all somehow the fault of the liberal media, and probably Obama.
8
cruz downplays anything in his life that show him in a poor light. he "didn't know" he had canadian citizenship which is why, though born in 1970, he waited until 2013 to begin the renunciation process. that he is a natural born citizen is "settled law" even though it hasn't been decided by the supremes and if it were to be decided according to cruz' own originalist construction of the constitution, he would be found ineligible to run for president. and now that dumpy fundamentalist anti-elite guy in jeans and flannel shirts turns out to have taken a loan from those despicable wall street slickers and "inadvertently" didn't report it as required by law. good thing he has an ad showing him wearing camouflage and shooting ducks or someone might think his harvard law degree meant he actually knew something about the law.
5
Cruz said it was an honest mistake and will just file an amended form and "that will be that". Really, Ted? Is that all you have to do is file an amended form? It must be nice to live in your world where you can do anything wrong and feel you can get away with it. Are you the "Affluenza Presidential Candidate"? I wonder if Cruz would allow Hillary or Bernie the same mulligan were it their "mistake". That's like getting pulled over and telling the officer after he gives you a ticket "my speeding was a mistake. Next time, I'll drive the speed limit so lets just take this little insignificant ticket, amend it to say I wasn't speeding, and 'that will be that". No, Ted. You broke the law. And laws have consequences. In fact, isn't that exactly what you just told a young, illegal immigrant from Mexico just prior to telling her you'd deport her? Surely, as a conservative republican you would want to adhere to the basic laws were all held to, wouldn't you? Unless you think you're better than the rest of us, or above the law? Character is everything, Ted. You are one, but you have none.
9
In my opinion Cruz is the most dangerous candidate in the race this year and I live in New Jersey. He reminds me of a snake who can shed his skin and bones and slither and slide in the cracks. He is intolerant, anti GLBTQ and a bigot. As a born Canadian citizen of an American mother and a Cuban born father I think that this naturalized citizen is far from a natural born citizen. Maybe a court should decide? Maybe he should have defended President Obama when birther Trump went after the President. But that would have been the right thing to do.
10
Besides his breaking of federal law, I see this as a tax dodge too. If he cashed in his equities in 2012 he would likely have had a large capital gains tax bill (due in no small part to the boomlet of the "Obama Economy," but I digress). He might have had to sell $550K or $600K of stock in order to net $500K.
But instead, Mr. and Mrs. Cruz used their equity as collateral against a loan. he paid no tax bill and all he needed to do was pay it back at some point from the campaign donations that came later.
From an accounting perspective, this seems legal and fairly sophisticated, though far beyond the reach of the people that are paying him to represent them in DC. And, like the article said, illegal from the FEC's point of view.
But instead, Mr. and Mrs. Cruz used their equity as collateral against a loan. he paid no tax bill and all he needed to do was pay it back at some point from the campaign donations that came later.
From an accounting perspective, this seems legal and fairly sophisticated, though far beyond the reach of the people that are paying him to represent them in DC. And, like the article said, illegal from the FEC's point of view.
10
Cruz could have sold his stocks, and use the proceeds on his campaign. Would have cost nothing except trade commissions.
Instead, he took a more costly route of a margin loan with interest, kept the stock, took the risk of stock decline and used the margin loan proceeds on his campaign. If the stocks went down, he may have had to sell some to repay the margin.
I see nothing wrong in his approach. He still used personal funds on his campaign.
Instead, he took a more costly route of a margin loan with interest, kept the stock, took the risk of stock decline and used the margin loan proceeds on his campaign. If the stocks went down, he may have had to sell some to repay the margin.
I see nothing wrong in his approach. He still used personal funds on his campaign.
2
Liquidating his stocks would have caused him to recognize gain, and thus pay taxes, on every appreciated position. Margin loan is a much smarter move unless your portfolio is full of losses.
4
Probably he would realize capital gains on them that he doesn't want to pay.
It doesn't matter why he took out the loans, he was legally obliged to report them. Are you saying that you "see nothing wrong" for a lawyer to violate the law?
I suspect this is the end of his campaign. The fine for this is small, but he may be censured by the senate ... and the citizens of Texas will decide in time whether they want to keep him.
It doesn't matter why he took out the loans, he was legally obliged to report them. Are you saying that you "see nothing wrong" for a lawyer to violate the law?
I suspect this is the end of his campaign. The fine for this is small, but he may be censured by the senate ... and the citizens of Texas will decide in time whether they want to keep him.
6
Not everyone is equal in the USA!
I'll be watching the debate tonight with Trump and Cruz and 3 other candidates, to see how Mr. Cruz gets out of this one!
I'll be watching the debate tonight with Trump and Cruz and 3 other candidates, to see how Mr. Cruz gets out of this one!
3
A sizable percentage of you did not read the article. Either that, or you could care less that election law was violated. I am not sure which bothers me more.
17
Ted Cruz is hated by more Republicans in the House and Senate than any other man. He's hated by more mainstream Republicans across the country, too.
My guess is that this little gem was launched by JEB -- perfect timing, he's got the oppo research to dig it up. But it could have been anybody ... anybody with a little patience to go looking, and a distaste for Ted.
Payback time. Senators have gotten censored for false campaign filings too. The Senate Ethics committee will need to take it up, Oh what a glorious side show that would be!
Ted -- take a hint from Giuliani, Weiner, Spitzer, Ensign -- resign while the time is right.
My guess is that this little gem was launched by JEB -- perfect timing, he's got the oppo research to dig it up. But it could have been anybody ... anybody with a little patience to go looking, and a distaste for Ted.
Payback time. Senators have gotten censored for false campaign filings too. The Senate Ethics committee will need to take it up, Oh what a glorious side show that would be!
Ted -- take a hint from Giuliani, Weiner, Spitzer, Ensign -- resign while the time is right.
9
He won't. He's nothing if not crass and callous.
1
"The rest of the country knows exactly what New York values are," Cruz told Fox News host Megyn Kelly on Tuesday. "I got to say, they're not Iowa values and they're not New Hampshire values."
Senator. You've done enough. Have you no sense of decency, sir? At long last, have you left no sense of decency?
Senator. You've done enough. Have you no sense of decency, sir? At long last, have you left no sense of decency?
14
And now this! He is a sophisticated crook. Period. I fail to understand how these Politicians manage such blatant breaking of laws and getting away with the word inadvertent. Perhaps Cruz is hoping, his Canadian birth problem for the Presidency will be forgotten.Two wrongs do not make a right, Mr. Cruz. T one end people die for not signalling while the real felons move freely with a sense of entitlement
5
For someone who worked at Golden Slacks, missing $500,000 is probably inadvertent. Not so much for the rest of us.
8
Those claiming that the story and headline criticize the loan did not read either. The problem addressed is not the fact of the loan. It is the failure to report it as required by a clear law. Every lawyer knows that an accidental failure to follow a law is not a defense, but may affect the penalty.
12
The United States of America -- bought, paid for and sold and resold down the river.
12
Financial irregularities don't bother the GOP. It's in the party's DNA.
10
Which is why the last rightist President to balance a budget was Eisenhower.
Eisenhower...who'd be a Democrat today.
Eisenhower...who'd be a Democrat today.
6
Is anyone really surprised at any of this? Bet Trump will be jumping ALL over this one, not to mention Bush and Rubio et al.
7
Frankly, I care less about the lying and the hypocrisy of such a self-professed moralist than I do about where the money came from.
Please, somebody try to persuade me that he's not just another Wall Street tart. I need a good laugh.
Please, somebody try to persuade me that he's not just another Wall Street tart. I need a good laugh.
10
Cruz is borrowing against his own investments and this is hardly a 'loan from Goldman Sachs'. The headline gives the false impression that Goldman Sachs handed over money for political favors when Mr. Cruz was simply borrowing against his investment portfolio - a big difference.... Mike McIntire needs help from the NYT business desk to explain why his headline only tells half the story and I'll bet the Clintons took out a number of 'loans' like these before they started the Clinton Foundation and could raid that piggy bank.
2
It's not the loan, it's the failure to disclose the loan on his FEC forms that were required by law. See the difference? In simple terms, Ted Cruz is a liar.
10
Who cares if it's chump change to him? Who cares if he borrowed it against his portfolio or his home or his cat? Who cares what stupid sob story he told his stupid voters? He broke the law. Not a good idea for a legislator.
3
" . . . no evidence that the Cruzes got a break on their loans." !!!!!!
REALLY? She works for Goldman Sachs.
REALLY? She works for Goldman Sachs.
8
Has none of these circus clowns borrowed money from Trump? Wouldn't that just be rich beyond words?
3
North Carolina "senator" Thom Tillis played the same sleazy game to steal an election in 2014. While it's completely against the law for a nonprofit to give money to a candidate, in the final four weeks of the NC election a SuperPAC appeared on the scene and poured almost $5 million into Tillis's race against Senator Kay Hagen. Tillis "won," and a year later it was discovered that the SuperPAC was financed by a nonprofit run by an individual who had set it up that fall for the sole purpose of buying Tillis a seat. But of course the illegality was not discovered until a year later, and now Tillis has the seat for six years, the benefit of incumbency, a constant inflow of big corporate right-wing money, to fend off challengers in the future. He got away with it, just like Cruz, and as the GOP always does.
12
He is a lawyer from a prestigious law school and was his state's solicitor general.
He isn't permitted an "oops" moment in legal matters.
If he can't manage his own affairs correctly and honestly, how could he manage the complexities of domestic and international affairs in today's world?
Good work, New York Times.
He isn't permitted an "oops" moment in legal matters.
If he can't manage his own affairs correctly and honestly, how could he manage the complexities of domestic and international affairs in today's world?
Good work, New York Times.
26
So let me get this straight.. you guys commenting are all outraged and up in arms about this, but seem to think that Hillary requesting that top secret headings be removed so the documents could be sent over public servers and her using her state department position to advance her Clinton foundation (which is a mandatory public corruption charge) is all fine and dandy? Oh wait, that's right it's a partisan attack on her?! Oh my what great kool-aid you guys must be drinking.
4
Given how often government computer networks have been hacked by hostile governments, probably using a private server was safer because why would the “hostiles” expect her to do something like that?
2
Michael, you are saying things that you know nothing about. You are repeating propaganda from Fox News and the ugly rhetoric of Right-wing groups bent on destroying Hillary. These are not facts you provide, but innuendo and baseless conjecture.
6
Reading is fundamental. Did you read the article?
6
The question isn't about whether he took out a loan from Citi or Sachs, the question is what were the conditions of the loan. If the interest rate and terms were typical of any loan given to one in good credit standing, that it is not a big deal. Everyone borrows money.
If, however, it was at a low or no interest rate, then one must question whether the loan was more a 'donation' in which the Senator is beholding to those making the loan.
Obama bought a house in Chicago below fair market value and then bought the adjacent land at far below fair market value, where even the property taxes on the adjacent land were cut next to nothing based on filings. Both were sold to him by Rahm Emanuel. Hmmm.
If, however, it was at a low or no interest rate, then one must question whether the loan was more a 'donation' in which the Senator is beholding to those making the loan.
Obama bought a house in Chicago below fair market value and then bought the adjacent land at far below fair market value, where even the property taxes on the adjacent land were cut next to nothing based on filings. Both were sold to him by Rahm Emanuel. Hmmm.
5
I don't think the interest rate is the question here. It is the fact that Cruz never disclosed the loan prior to the election. The campaign Cruz ran was based on Tea Party values. That is, the hatred of government and Wall Street, Big Banks and their influence on Washington DC politics. Cruz railed against such influence, but did not disclose he had indeed been part of the elites who got money from Goldman Sachs and Citi Group, two big political influence peddlers. So, Cruz was lying to his constituents and lied to the FEC.
8
Actually the question is about the ethical obligation to report loans used for a campaign - an obligation Cruz clearly chose to ignore for his own purpose.
Had you actually read the article - the entire article - and not quickly turned on Fox News instead, you may have realized that.
Had you actually read the article - the entire article - and not quickly turned on Fox News instead, you may have realized that.
2
This is shocking and I demand a congressional investigation. I thought Rafael was a self made man and did it all by himself.
7
"Ms. Frazier said there had been no attempt to hide anything." Hence the collective non-appearance of $1 million-plus loans in all the electoral filings up to this point. I mean they were a pittance! Who remembers nickels and pennies!
4
The sad part is, I suspect Cruz will look like a boy scout once the unearthing of Trump's business dealings begins.
2
Just another lying politician. Dems or Reps - they are ALL the same. Greedy power hungry liars. ALL OF THEM. Bah. I vote, but I don't like trust any of them.
3
Check out Bernie.
1
The Texas Tea Party seems to be a haven for those who take a Clinton-like approach to rules such as Cruz and indicted Attorney General Paxton.
The Federal Election Commission rules are clear-cut and we were evaded in this case.
If character is among your screens in choosing public officials, the choice is clear.
The Federal Election Commission rules are clear-cut and we were evaded in this case.
If character is among your screens in choosing public officials, the choice is clear.
2
Why isn't this getting more coverage? What hasn't the Times run an editorial about it? Cruz broke the law and lied shamelessly to the public about it on numerous occasions. He's been a total hypocrite, taking gobs of money from the same big banks he excoriates others, including Republicans, for bailing out. If Hillary Clinton had done the same, it would all the media talked about for the rest of the campaign. In a just world, this would finish him.
8
So you think Hillary requesting the heading TOP SECRET be removed so that documents could be sent over public servers, or the fact that she used her time in the state department to advance the clinton foundation(mandatory public corruption) are less volatile than not disclosing a loan? I feel sorry for the children that you're raising/indoctrinating.
3
I doubt very seriously that anyone thinking of or planning on voting for Ted Cruz really cares if he lies. Honesty is no longer on the short list of qualifications for our politicians.
23
Unfortunately, I suspect Cruz's lawlessness will only be celebrated as appropriate rebellion to overly restrictive government regulation by his supporters. Given the way the GOP primary has been going so far, I would not be at all surprised if this incident improves his poll numbers. I might not even be surprised if he starts bragging about rebelling against laws he doesn't like. I might not even be surprised if other GOP candidates start to brag about their own bold leaps of lawlessness.
11
@Steve - Mr. Cruz did shut down the government he loves/loathes so much. He has bragged plenty too.
3
Hey Steve you should get a shirt that says I love big government. I'm a robot with zero intelligence
2
When you want to bribe politicians with money for their personal expenses, donate to their "leadership funds".
1
Say what?: "Cruz Did Not Report Goldman Sachs Loan in Senate Race"
Wonder why no one is looking so closely at the alter ego known as The Clinton Foundation - If in fact: "The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed..."
But if some folks can argue for decades about the legal meaning of a three-letter word, who knows how long it would take them to settle the plain meaning of the phrase - "the original source of money".
Wonder why no one is looking so closely at the alter ego known as The Clinton Foundation - If in fact: "The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed..."
But if some folks can argue for decades about the legal meaning of a three-letter word, who knows how long it would take them to settle the plain meaning of the phrase - "the original source of money".
4
Because this is an article about Ted Cruz, not any other candidate.
8
canardnoir, which 3-letter word are you referring to?
1
Where did this sleazy creep get $1 million to repay these loans, and did he report it as income? Inquiring minds want to know.
15
And Hillary is a beacon of truth and prosperity? Lol. Raphael should re enroll in the 4th grade
2
Yes, Hillary is truthful and she is prosperous.
3
Raphael's low/no information supporters will either never hear of or ignore his mendacity. They simply do not care because he is doing "the Lord's work."
11
'“What astonished me, then and now, was Heidi within 60 seconds said, ‘Absolutely,’ with no hesitation,” Mr. Cruz said.'
Sounds to me like it took her 60 seconds.
Typical politician. Can't even get out of a sentence without lying.
Sounds to me like it took her 60 seconds.
Typical politician. Can't even get out of a sentence without lying.
6
As a Canadian, maybe he doesn't have to declare these on U.S. disclosure forms? He just comes up with new ways to be loathsome, doesn't he?
14
This little loan may be nothing. . . . by itself.
But it was against the law for Cruz not to disclose, (and what's the penalty?) and it means that Cruz can't continue to slime other candidates for their "Wall Street ties." Moreover, Goldman Sachs isn't stupid, a small loan here was an investment. It was the beginning of their relationship with a promising politician.
But it was against the law for Cruz not to disclose, (and what's the penalty?) and it means that Cruz can't continue to slime other candidates for their "Wall Street ties." Moreover, Goldman Sachs isn't stupid, a small loan here was an investment. It was the beginning of their relationship with a promising politician.
10
NYT: the bigger story would be how and why this information is coming to light now, just weeks before the Iowa caucuses where Cruz and Trump are neck and neck?
It's safe to say that the Republican establishment would love for Cruz voters to switch over to Rubio. They should be careful what they wish for. I think they're finding that out with this election.
It's safe to say that the Republican establishment would love for Cruz voters to switch over to Rubio. They should be careful what they wish for. I think they're finding that out with this election.
3
Cruz is a major concern; he's threatening to disrupt the political machine from the path of business as usual. These politicians (both parties) are in the process of building wealth and power, and their hope is to hand over that wealth and power to their own next generation. It is not much different than a successful businessperson handing over the reins of the family business to the son/daughter. These attacks are simply survival mechanisms. Strictly my opinion on the matter.
2
Seems like many here are calling for Cruz to be disqualified for 'lying' and of course the Times is keeping this story on its front page for as long as possible. Fine. By this standard it seems to me that both the Times and the aforementioned commentators should be calling for Hillary Clinton's immediate disqualification or at least clarify that the 'honesty standard' only apply to Republican candidates.
2
I am no Cruz supporter. I am also no campaign finance expert, but from what I have read 1) he broke a reporting rule, possibly knowingly; and 2) he's a hypocrite. Maybe I'm just too cynical but if these are supposed to be bombshell revelations that make someone unfit to run for office I think we'd have nobody eligible to run for anything in this country.
5
Cruz must be eliminated from the Senate and fined for violating our election laws. Enough is enough!
23
You mad about Hillary too? Or is she getting your vote? I'd be careful throwing the word hypocrite around without doing some self reflection
2
Michael, Hillary has done nothing wrong and she has not been charged with any wrong doing. The Republican Party has thrown up a lot of dust to make it look like something bad has happened, but never had any evidence to that effect.
6
Gee, what would the Internal Revenue Service say if Mr. Cruz "inadvertently" failed to declare almost a million dollars in income? The campaign financing laws are crystal clear on this issue. When candidate Cruz signed his reporting forms and certified that they were correct, this was a false statement.
23
The money Cruz spend on his campaign was vaporized. How did Cruz repay these loans?
3
Cruz didn't report this to the IRS either. Dollars to donuts he considered it a personal loan to the campaign reimbursable from campaign funds. Actually it was a non tax deductible political gift to himself.
6
Well, if he lied on his income taxes, I think they would have to make him Secretary of the Treasury (like Geithner) or Associate AG (like Web Hubbell).
1
When you have to have a spokesperson interpreting what the principals did, it usually indicates damage control. For a self-proclaimed populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington coupled with his statement referring to the political clout of Goldman Sachs that "like many other players on Wall Street and big business, they seek out and get special favors from government; his accepting a loan at a low interest rate certainly smells of hypocrisy.
Another example of Cruz's hypocrisy is his strong opposition of Obamacare, while at the same time having no problem being on his wife's health plan at Goldman Sachs.
He talks a good conservative game as long as it does not apply to him.
Another example of Cruz's hypocrisy is his strong opposition of Obamacare, while at the same time having no problem being on his wife's health plan at Goldman Sachs.
He talks a good conservative game as long as it does not apply to him.
19
I remember a 40 cent loan from my 6th grade friend 30 years ago.
19
Ya, and what about those overdue library books we had to pay a fine on? We'll never forget those.
4
There was no attempt to hide. Whatever facts and evidence that comes to the fore which cannot hide behind a smoke screen becomes inadvertent. How very convenient! Is this the guy we want as President? I shudder ! Who knows, if gets The Office these bigwigs in Wall Street will get bigger, every regulation out through the window. Meanwhile, he will be borrowing from which in reality is a personal check, his price for favors to come.. He will keep Wall Street happy so that he is happy, himself and his family protected and secure when he leaves Office.
11
"He will keep Wall Street happy so that he is happy, himself and his family protected and secure when he leaves Office."
You just described the last 8 years with Barack Obama.
You just described the last 8 years with Barack Obama.
1
What will you do for a life after the President leaves office, anklebiter?
5
What a total fraud.
22
Do as I say, not as I do
because I'm (the great)Ted Cruz.
(And by the way,
who cares about you?)
because I'm (the great)Ted Cruz.
(And by the way,
who cares about you?)
19
I like his motto of proven conservative. But they should add proven hypocrite, proven bigot, proven no born in USA. This guy i a ticking bomb to go off . It will be so much collateral damage. I do not see republicans attaching his citizenship with the same furious they did to Barack Obama and the issue of been muslim and not born in USA
16
As with everything the Republican candidates do, it is useful to ask: What would they be saying if Hillary had done this?
22
Whatever Republicans do is perfectly OK to Republicans. Woe to anyone else who does it.
3
Hillary has done worse! Requesting the heading removed off top secret emails so they could be sent over public servers?! And using her state department power to help her Clinton foundation. Which is illegal. public corruption! Why do u follow a party blindly that does nothing for you. You do know that from Sanders to Rubio is all one entity/government.
3
Because this is an article about Ted Cruz, personally, and not other candidates who may or may not have done this kind of bad thing or other kinds of bad things.
2
Sen. Cruz's hypocrisy and other ugly, personal characteristics are not surprising. But this loan event happened years ago, and should have been uncovered and explored before now. Instead of having a fuller picture of Sen. Cruz as we slog through a media-propelled, seemingly interminable election cycle, we find ourselves playing catch-up in an information-poor campaign frenzy. Voters are ill-served not only by the unsavory likes of Sen. Cruz and others, but also by incurious journalists across all media. Let's hope our democracy can survive in spite of all of them.
12
The IRS probably doesn't even have the personnel to audit Cruz's tax return.
1
yes, they are too busy auditing tea party groups and deleting files & emails
3
Isn't it curious that in the headline photo both Ted and Heidi seem to be sporting Pinnochio noses?
15
Come on! Did anyone expect anything different from Mr Cruz? He is a obsequious, backstabbing ingrate who gives off the air of a carnival huckster and greasy-haired snake-oil salesman. "Oh, I forgot I lied to the people,oops!" was his response to lying about the $500,000 loan from his wife's firm, Goldman-Sachs. This is a man who knowingly told fairy tales to the Tea Party constituents he swindled to gain office. Cruz is deep in the pocket of Wall Street banks, yet he told a big fib as the putative Tea Party dreamboat who railed against the undue influence of Big Banks and Wall Street on Washington politics. Seems Mr Cruz has the ability to dissociate from reality with the ease of a true sociopath.
24
Jeez, Cruz didn't tell the unpleasant truth--I'm shocked, shocked. Another moralizer who can't live up to his own standards.
13
He's a liar. As such, he's no different than any other demagogue or marketing executive. But he's not fit to serve in the highest office in the land. But thinking people already knew that.
11
I like how you lump demagogue and marketing executive together.
1
Is this what he and his supporters believe to be the definition of integrity?
11
The definition of integrity?
Integrity (n) - what Barack Obama doesn't have.
Integrity (n) - what Barack Obama doesn't have.
3
I haven't seen a shred of integrity in your entire opus here, shyster.
2
Let's see, together they make over $2M a year, yet they took loans from powerful banking/Wall Street interests and didn't want to disclose them. Mrs. Cruz is on a leave of absence which indicates that she will return to Wall Street. Mr. Cruz's claim to be against Wall Street and for the regular guy seems unlikely. Of course, he's getting away with claims to be a natural-born citizen, so he probably will get away with this charade, too.
13
Whatever the rubes will believe, Cruz will say it.
13
Iowa caucus members--and American voters in general--need to ask themselves how easy would it be for them to get a $500,000 loan from GS. Cruz is a masquerading 'shape-shifter'. If you are a Christian, he's one too. If your a hard-working middle class person, he's one too. If you pulled yourself up by the boot straps, he did too. His hypocrisy is blatant; his intent is not for the betterment of the US or the world.
15
Undoubtedly disappointed is Mrs. Clinton, who was under the impression that Goldman Sachs was her personal piggy bank. Et tu, Lloyd? Well, this could lessen the chances we'll be seeing a Treasury Secretary Blankfein. In other words, a good thing.
4
Don't be sure sure. Lloyd is willing to buy anyone who's selling.
3
I think there should be a senate select committee that meets for at least the next 5 years discussing this behind closed doors. Maybe Trey Gowdy could take it on, since he has plenty of time to waste making a fool of himself with Sec Clinton.
16
Exactly. Maybe they should shut down the government also.
2
So, does anyone care? Will anything happen, like forcing him out of the race?
I don not think so....
I don not think so....
3
Both Cruz and Goldman Sachs are risky money handlers.
If the stock markets failed, Cruz would have lost his stocks and had to pay back the big loan too. GS could have lost the payback from a bankruptcy as a result.
Reminds me of the original Wall Street gambling blamed for the great recession.
So to those here who simply shun criticism of Cruz borrowing against his portfolio, it reflects badly on him as a money manager if he would get the big job.
If the stock markets failed, Cruz would have lost his stocks and had to pay back the big loan too. GS could have lost the payback from a bankruptcy as a result.
Reminds me of the original Wall Street gambling blamed for the great recession.
So to those here who simply shun criticism of Cruz borrowing against his portfolio, it reflects badly on him as a money manager if he would get the big job.
6
Reporting rules are for peons. The real question is how did he pay back the loans?
11
On your and my dime, pal.
4
Cruz may not like "New York values" but he seems to be OK with NY money.
30
This reminds me of the picture of Rupert Murdoch and Jerry Hall. Everyone is in it for money and power. Ick.
14
Haha. Good thing they got money. They look like Charles and Camilla's parents.
1
Truths prevail. Those that hide it....well, they must account. Stand up and be honest Ted.
5
"Inadvertant", yeah maybe if it was $50k or $5k. But HALF the amount he reported on. Pull the other one Cruz.
17
Thanks for reminding me of the continued need, NYT. Just donated again to Mr. Cruz's campaign.
1
The bottom line remains that Hillary's actions are worse than all republican candidates' combined.
This is no Rezko deal either.
This is no Rezko deal either.
3
Me too! Go Ted! I'm pretty sure that he'll see a huge bump in contributions for this story! Thanks NYT! Ted's getting a huge fund raising boost from this non-story!
This is Texas Hot..Stay away from the Cruzader 'cause you might melt.
A TON of fear of Cruz on this blog today. I love it.
First of all, I would like to thank all of the Democrats for following and commenting on President Cruz's career. Second of all, don't fear. Help is on the way soon. This feeble "recovery" will soon be a booming economy once again.
First of all, I would like to thank all of the Democrats for following and commenting on President Cruz's career. Second of all, don't fear. Help is on the way soon. This feeble "recovery" will soon be a booming economy once again.
2
"Booming" says it all. In my opinion, this country doesn't need another war-driven economy.
7
Well, if Cruz weren't a lying, manipulative,psychopath bent on turning this country into a right wing Christian theocracy there wouldn't be anything to fear.
6
This Cruz-killing leak had to come from the Senate, the one place where he did file disclosure of these loans. The place where everybody in his own party hates him.
Suetonius tells us that when the Roman doctors autopsied Julius Caesar, they found 23 stab wounds from Senators.
When Cruz's political postmortem is conducted, they'll find 53.
Suetonius tells us that when the Roman doctors autopsied Julius Caesar, they found 23 stab wounds from Senators.
When Cruz's political postmortem is conducted, they'll find 53.
3
It's not a leak. The Senate disclosure forms are public.
6
Yes but somebody had to look at those then go and look at the ones in Texas and notice the discrepancy.
This is exactly how Trump described how these politicians like Cruz operate.
Bought.
Bought.
11
So much for his professed Evangelical Christianity.....what a liar! Hope his dad is proud of his son.
15
The article should have pointed out that this was a margin loan on stocks - that is, Cruz was betting that the "Job-killing Dollar-debasing Obama Economy" would produce an increase in the value of his stocks so he could avoid a margin call and a personal financial crisis. The market did so well that he was able to pay off the loan promptly.
2
umm, no. There is no margin call unless the value of the securities declines significantly. So this was not a bet that the value of the stocks would increase. And you appear to assume that he repaid the loan by liquidating stocks; the article doesn't say that.
3
So when will Trey Gowdy be putting together a committee to investigate these "lies and cover ups"?
12
As soon as you can tell us how many Americans died as a result of what Cruz did.
Hold up here. He may simply have become confused and followed Canadian election laws instead.
12
Isn't it about time that the amoral and venal corporate owned media try at least to make a good impression by telling it like it is with Cruz and the rest of the moronic GOP crowd...none of which is fit to be president? Or do they not care at all about this country except for the bottom line? Shame on the mainstream media which so far is treating the GOP line-up as if they are anything more than a gang of mediocre shills for Wall Street and corporate America ! Go Bernie for you are the one true mensch in the running !
7
Ted Cruz Didn’t Report Goldman Sachs Loan
Neither did Greece.
http://www.bloomberg.com/news/articles/2012-03-06/goldman-secret-greece-...
It's been practiced even by sovereign governments.
Neither did Greece.
http://www.bloomberg.com/news/articles/2012-03-06/goldman-secret-greece-...
It's been practiced even by sovereign governments.
2
I'll bear that in mind when the government of Greece attempts to be elected President of our nation.
3
"Mr. Cruz, a conservative former Texas solicitor general, was campaigning as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington"
Does anyone really believe he'll "bite the hand that feeds him"? Another phony politician. He should be ashamed, but for that it would require him to have a conscience.
Does anyone really believe he'll "bite the hand that feeds him"? Another phony politician. He should be ashamed, but for that it would require him to have a conscience.
19
It is fascinating that Trump, Cruz and Rubio have each in their own way demonstrated that they are poor at finances and/or dishonest about money. We just learned about Cruz's $1 M loan and illegal election practice. Trump, who we never would have heard about if he had not inherited a huge fortune in 1974 ,nearly threw it all away in 1990 on highly leveraged real estate deals, saved only by the good graces of 70 banks and scores of investors. Rubio mixed personal and Party finances in either corrupt or inept fashion, and was also saved from a failing second mortgage on a vacation home by shady Florida business partners. And these fast-and-loose money handlers want to run the largest economy in the world? Spare us. please.
12
And these crooks, liars and fools want to run our country.
5
What are our alternatives? Hillary "We were broke when we left the White House, but now we have $140MM from pimping our 'public service' to bankers and oligarchs" Clinton? Or Bernie "I'm gonna make the bankers pay for your college" Sanders?
We're doomed.
We're doomed.
2
You haven't cited any financial skulduggery or gross incompetence by either Hillary or Bernie. Well there's always ¿Jeb? who is owned by the Saudis. Well, maybe not a good idea after all.
7
"All told, the value of their cash and securities in 2012 saw a net increase of as much as $400,000 — even as the Cruzes were supposedly liquidating everything to finance Mr. Cruz’s Senate campaign."
So, like much else of how Cruz lives his life, the persona he puts forward to the public is at odds with the reality of the facts.
Cruz is not much of a David. He isn't a common man. And his dedicated to severe conservative principles extends as far as those prove useful to his personal ambition (which is apparently as large as his ego). His father was at best a clueless chump or at worst a communist revolutionary. And of course as Trump will never let anyone forget the entire family were grateful Canadian citizens for virtually all of Cruz' life.
So, like much else of how Cruz lives his life, the persona he puts forward to the public is at odds with the reality of the facts.
Cruz is not much of a David. He isn't a common man. And his dedicated to severe conservative principles extends as far as those prove useful to his personal ambition (which is apparently as large as his ego). His father was at best a clueless chump or at worst a communist revolutionary. And of course as Trump will never let anyone forget the entire family were grateful Canadian citizens for virtually all of Cruz' life.
9
Just how do you over look a million dollar loan? For us mere mortals, that's a heck of a lot of money.
9
I believe what Cruz did comes under the definition of bearing false witness.
10
Ted Cruz running for President has to be the most unlikable character in recent times. Seems to be insincere, theatrical and lack of authenticity.
Was anyone surprised by this recent revelation ?
Hardly except the evangelical Christians with closed mind.
Was anyone surprised by this recent revelation ?
Hardly except the evangelical Christians with closed mind.
9
"Ted Cruz running for President has to be the most unlikable character in recent times."
Did Hillary drop out? How did I miss that:)
Did Hillary drop out? How did I miss that:)
3
Since every liberal/progressive signed up to wait in line to approve Tim Geithner's failure to pay his income taxes for an seriously long time - which is actually a crime - the liberal with any conscience can only approve of Cruz's inaction.
4
It's "Hypocrite" Season. Liberals are on the offense instead of defense.
2
Was Tim Geithner running for president?
4
If Cruz wasn't a senator there isn't any doubt in my mind he'd be one of those pulpit pimps that drives a new Bentley and lives in a 12k sq ft custom mansion—both in the church's name, of course.
12
Rafael Cruz, the master of double-speak is at it again-- listen as he talks over under and around the issue of his not reporting his loan to the FEC, but never addresses it directly..
4
The complicit look to each other as in photo says it all,
and the banner should say: Ted Cruz, proven Hypocrite
and the banner should say: Ted Cruz, proven Hypocrite
11
how exactly did Cruz pay his way thru Princeton and Harvard? Just curious. Sounds like an Obama fairy tale.
Huh. A politician lying about the source of his money. Imagine that!
10
better yet, how it got repaid.
4
Nominees who lie about something as easy as a source of finance cannot be trusted with running a country of ~300 million, with a global economy. This goes to show another of the obvious weaknesses of Cruz- he cannot be trusted, since he is a demagogue candidate. An evangelical fraud, he is playing off the fears of weak Republicans, like Trump, and their elections will break our nation in numerous ways.
7
Cruz has always been a thorn in the party's side. Ted Cruz's constituency is Ted Cruz. Yes this failure to disclose is a minor technicality, but this is an opportunity for GOP to finally be free of him. Doubtless many senior party officials will want to use this.
8
Your headline is misleading. He did not borrow from Goldman Sachs, he borrowed from the couples own assets. On the other hand, Hillary has received millions in contributions over the years from Goldman Sachs employees.
5
Do Democrats HAVE to give Hillary the liberal exemption from obeying the law again?
Their assets were collateral. GS coined new money for the purpose of the loan. Their assets where still there.
7
Not correct. He pledged his assets to secure a margin loan. Is this too difficult?
And Goldman funded the loan. Finance 101
And Goldman funded the loan. Finance 101
6
Whether this hurts Ted Cruz remains to be seen. Those who already support him probably won't care about this revelation.
If it hurts Cruz at all it will most likely be at the margins: i.e. those who haven't made up their minds yet.
If it hurts Cruz at all it will most likely be at the margins: i.e. those who haven't made up their minds yet.
2
Live and learn. If there were a Cruz Foundation or a Cruz Global Initiative, the money could have been laundered.
4
I think Bill Maher said it best. When asked "Why do you find Cruz scarier than Trump? He is certainly more cunning than him and a far more educated guy with Princeton, Harvard Law, and his constitutional law background." Maher responded with, "It’s high intelligence in the service of evil. It’s one thing to have evil people who aren’t that bright! There’s a reason why everyone hates Ted Cruz. To think of this guy being the president of the United States, this ambition and love of power combined with being on the wrong side of every issue, it’s a very scary prospect."
14
Is Ted as cunning aw Barack? As Eric Holder? As Hillary?
2
While I enjoy your predictably off-the-wall and immediate assaults on any "liberal/progressive" who dares to point to conservative hypocrisy, it would make more sense to have an actual point rather than merely reiterating something on the order of "nyaa nyaa, you guys are worse!" Which is what you've done repeatedly here: Geithner, Hillary, and now a general spray of random accusations. But don't leave us hanging--where's Benghazi? Jerry Brown? Monica? Whitewater? Heck, bring the WPA into it...
7
Claiming to represent Texas values (boots, jeans, cowboy hat, accent,…) while playing down an elite upbringing and Wall Street connections. Time to listen to these words by a wise man prophetically warning us over a decade ago about Cruz:
”… fool me once, shame on…shame on you. Fool me…you can't get fooled again.”
George W. Bush
”… fool me once, shame on…shame on you. Fool me…you can't get fooled again.”
George W. Bush
8
Cheat your way to the top then pivot when caught and say, "Golly gee, it was just an inadvertent mistake!"
7
Inadvertent .... Indeed ! A Harvard educated lawyer and a wife who was a director at Goldman Sachs expects the american public to buy their intentional, illegal omission. He's a liar ... period. Goldman Sachs is the bank who brought down our country financially in 2007 ... You know God's work, according to Blankfein. Ted Cruz is a grifter in my book, will say and do anything including thumping a bible to get elected.
13
Reminds me of a line from the movie, "Get Hard" where Craig T. Nelson playing the wealthy hedge fund manager is reminiscing about how he built the company from nothing with his blood and sweat and a $6 million loan from his Daddy.
Ted Cruz is a cheater and obviously a liar. He can spin it however he wants, but what he should really do is reflect on his actions, find the root causes for his decision making process and then correct the flaws.....then run for president! That should only take about 10 years and hundreds of hours of therapy, but he'll be a better man for it! And a better president. See ya in 10 Teddy.
Ted Cruz is a cheater and obviously a liar. He can spin it however he wants, but what he should really do is reflect on his actions, find the root causes for his decision making process and then correct the flaws.....then run for president! That should only take about 10 years and hundreds of hours of therapy, but he'll be a better man for it! And a better president. See ya in 10 Teddy.
8
He's been referred to as a legal scholar by some. And yet either he can't complete a form properly or the people he employed can't do that. That doesn't say anything flattering about his management skills.
18
Corrupt, that's what he is.
10
There is nothing scholarly about Ted Cruz.
3
Wow! Cruz is an opportunist politician and absolutely needs to be held accountable for his omission as applicable per campaign finance laws. Not surprising at all. No one will be sad to see him lose his senate seat.
However, I am waiting with bated breath for the Times to talk about the Clinton directive to her staff to fax classified information on unmarked paper. The Times was leading on the issue but for unclear reasons has backed off. A little hypocrisy perhaps?
However, I am waiting with bated breath for the Times to talk about the Clinton directive to her staff to fax classified information on unmarked paper. The Times was leading on the issue but for unclear reasons has backed off. A little hypocrisy perhaps?
1
Looks like he was walking on the wrong side of grey here. I dont like him, but I also wonder if there are some semantics involved here with how the 'margin loan' is being characterized. If it was a loan against the value of his stock portfolio - then the loan itself was a fully backed loan that was to him, and not his campaign. Does anyone know if he were to have taken a mortgage against his house, using his personal credit, and then given his campaign a loan - would he then have to report the mortgage as a campaign loan? Asking....
1
Bull. His wife works for Goldman Sachs, and she got him a sweetheart loan. But the point is, he lied. That's the point.
10
why not just elect goldman sachs as senator and cut out th middle men
31
Goldman already owns a Senator. They figured that was a better deal, since the one they own is also a former Secretary of State, and married to a former Pres.
2
TrusTed BusTed!
10
ToasTed
4
When applying for a job, if you leave out a glaring item from your resume, and you're caught, you're shown the door.
This dude should be shown the door too.
And by the way, having your campaign financed by a bank is not the same as 'I did it all on my own'. So it makes him a liar too. Bye bye dude.
This dude should be shown the door too.
And by the way, having your campaign financed by a bank is not the same as 'I did it all on my own'. So it makes him a liar too. Bye bye dude.
22
No one cares that Cruz is a liar. However, he did commit a felony for which there is a verifiable paper trail.
4
HORRORS !!! An Unpaid Loan! By a Republican?? Never!!
4
No. Ted Cruz broke the law by not reporting it.
5
Yeah, sure the failure to disclose the loan from Goldman Sachs was "inadvertent." How convenient, considering a big loan from one of the premier Wall Street firms would hardly have helped Cruz portray himself as an outsider.
This is further evidence that Cruz is capable of saying and doing anything in pursuit of his personal ambition, much like someone I consider to be his role model:
"The winner will never be asked if he told the truth." - Adolf Hitler
This is further evidence that Cruz is capable of saying and doing anything in pursuit of his personal ambition, much like someone I consider to be his role model:
"The winner will never be asked if he told the truth." - Adolf Hitler
12
Are Canadians bound by American laws?
9
Another sign that Mr. Cruz will do anything, say anything to get elected. Mr. Cruz has tried to portray himself as battling against entrenched forces, Wall Street and the elites - fighting for the "little guy". The problem isn't that he obtained a loan due to his wife's connections to Goldman Sachs. The problem is that Mr. Cruz a) didn't report it and b) has put himself forth as a politician against the elites and Wall Street. Basically Mr. Cruz says one thing, and does another....which isn't much of a surprise to me.
10
Sleaze personified, inadvertently of course...
8
"The money from the Cruzes allowed his campaign to keep running television ads in the period preceding the primary election, including a $300,000 ad buy that highlighted the story of Mr. Cruz’s father’s flight from Cuba in the 1950s after opposing the Batista regime."
For this reason, local tv channels should provide free time to the candidates, to make media access fair. They should also give the same time to news coverage for all the candidates, whether they are Trump or Bernie. Most of the money in politics goes to Media organizations, billions to tv and radio advertising. Perhaps we could not outlaw using your own money, but first the candidates should all get free time instead of them giving it to stupid public service announcements you hear over and over.
For this reason, local tv channels should provide free time to the candidates, to make media access fair. They should also give the same time to news coverage for all the candidates, whether they are Trump or Bernie. Most of the money in politics goes to Media organizations, billions to tv and radio advertising. Perhaps we could not outlaw using your own money, but first the candidates should all get free time instead of them giving it to stupid public service announcements you hear over and over.
2
"Equal time" was the standard, Saundra.
Until Ronald Reagan did away with it during his administration.
Until Ronald Reagan did away with it during his administration.
6
Good old Reagan did away with fair broadcasting, which led to an explosion of money into Republican hands and their candidates, who were then sold like Geico or Fan Duel to an exhausted, underpaid, under educated and overworked populace. Thanks to Mr. Morning in America and Ayn Rand's trickle down economics, election of our nation's leaders has fallen to the corruption level of FIFA.
1
Even if this "inadvertent" ommission didn't happen, Ted Cruz is unfit to be President. Sadly, nothing disqualifies you from running for this office: not refusing to show your tax statements (Mitt Romney) or picking and choosing which ones you will show (Mitt Romney) or harboring cash off shore (opps Romney again) or being a complete sociopath like Cruz. Mental health, emotional health, IQ, EQ, nothing matters on the republican side when it comes to elections. Ted Cruz is the most craven of the entire lot of them and so is the party he represents. This? This is nothing.
6
New York Times playing its leftist propagandist role again.
1
So, if Hillary Clinton had gotten a campaign loan and not reported it on the federal filing reports, you would be okay with it?
4
I'm appalled but not surprised. This is the behavior I now expect from conservatives---and some self-styled "progressives"---who have sold their souls to The Wall Street Devil.
Combine that with good old fashioned nepotism and it's a toxic mixture guaranteeing corruption.
Sometimes this clearly unethical and potentially compromising activity walks a fine line between the "merely" unethical and the clearly illegal. But, in this case, Ted Cruz has violated the law. Not only should this disqualify him from the presidential race, or from even holding his senate seat, he needs to be prosecuted for violating the law.
The "finance industry"---which is actually an oxymoron given that an "industry" must PRODUCE something and this "industry" doesn't---has been dominating our economy and elections for several decades. So it's not surprising that they have been giving, or "loaning" politicians, of both major parties, lots of cash for many years, without any consequences.
Look, let's face it: ANY "contributions", "donations", "loans", post-public office "jobs" or "board memberships" or "consulting assignments" are a form of Legal Bribery. I'm stunned if you slip a public official an envelope full of cash it's a crime, but giving that same amount of money as a "campaign donation", or "independent expenditure" or, in this case, "campaign loan" is perfectly legal. They're ALL bribes and this latest case demonstrates AGAIN why this entire way of financing campaigns must end for good!
Combine that with good old fashioned nepotism and it's a toxic mixture guaranteeing corruption.
Sometimes this clearly unethical and potentially compromising activity walks a fine line between the "merely" unethical and the clearly illegal. But, in this case, Ted Cruz has violated the law. Not only should this disqualify him from the presidential race, or from even holding his senate seat, he needs to be prosecuted for violating the law.
The "finance industry"---which is actually an oxymoron given that an "industry" must PRODUCE something and this "industry" doesn't---has been dominating our economy and elections for several decades. So it's not surprising that they have been giving, or "loaning" politicians, of both major parties, lots of cash for many years, without any consequences.
Look, let's face it: ANY "contributions", "donations", "loans", post-public office "jobs" or "board memberships" or "consulting assignments" are a form of Legal Bribery. I'm stunned if you slip a public official an envelope full of cash it's a crime, but giving that same amount of money as a "campaign donation", or "independent expenditure" or, in this case, "campaign loan" is perfectly legal. They're ALL bribes and this latest case demonstrates AGAIN why this entire way of financing campaigns must end for good!
6
This Ted Cruz is not fit for the Presidency: He is a crook.
11
What does the brand of 'evangelism' Senior Cruz preaches say about this?
"Stick with GS, and thou shalt reap big rewards!"
"Stick with GS, and thou shalt reap big rewards!"
3
Hillary has lied 100 times worse than anyone, demonized women assaulted by her husband who had the courage to speak up against real power, Benghazi, Top Secret emails on an unsecured private server, to mention a few. Democrats and the NYT brush it off, "Nothing to see here folks, move along". Well the FBI isn't and, whether Obama's Justice Department decides to do its job, someone will find the truth.
This whole ruling government class catering to corporatist interests sickens me and Americans are disparate for someone to turn around and bring back "government of the people, for the people, by the people" and give hope with a REAL economic recovery. Obama was elected based on hope and change but America misconstrued the hope and change he had in mind. He wasn't up to the task and took his eye off the ball. Blacks and the poor are worse off under his economic recovery and race relations are worse.
The economy is more important to Americans than government imposed healthcare and terrorism or it should be. A rising tide will indeed raise all ships. This lame economic recovery is a mirage and it will disappear altogether as we reach the horizon of Obama's presidency.
This whole ruling government class catering to corporatist interests sickens me and Americans are disparate for someone to turn around and bring back "government of the people, for the people, by the people" and give hope with a REAL economic recovery. Obama was elected based on hope and change but America misconstrued the hope and change he had in mind. He wasn't up to the task and took his eye off the ball. Blacks and the poor are worse off under his economic recovery and race relations are worse.
The economy is more important to Americans than government imposed healthcare and terrorism or it should be. A rising tide will indeed raise all ships. This lame economic recovery is a mirage and it will disappear altogether as we reach the horizon of Obama's presidency.
2
You forgot to mention the numerous contributions from Goldman Sachs.
Wonder what the duck Dynasty group will think of that? There good old , God loving guy taking major dollars from the evil wall Street guys. Actually, Ted is out there hustling money from whoever and whatever. Getting in a Duck blind with crazy man and wearing fatiques and shooting at ducks and then meeting with the Bankers in his expensive suits, and then off to Las Vegas to perform for the billionaires, and tyh=then the fire and brimstone religious preacher in Iowa and then the warrior threatening to bomb anyone that might be in our way, yes he is a colorful critter.
5
Haha. The Duck Dynasty. Luring poor animals in with a fake duck call and then blowing their little brains out. That's no sport.
By borrowing and forgetting to report the loans, the guy clearly proved his mettle. A presidency requires proximity to financiers and ability to sound genuine about forgetting. And most important, he got away with it.
He is indeed fit to be the next president. We are likely to see many more returns of this skill.
He is indeed fit to be the next president. We are likely to see many more returns of this skill.
2
Here's some info about Cruz' strict interpretation of the law whilst solicitor general of Texas:
In 1997, Michael Wayne Haley was arrested after stealing a calculator from Walmart. This was a crime that merited a maximum two-year prison term. But prosecutors incorrectly applied a habitual offender law. Neither the judge nor the defense lawyer caught the error and Haley was sentenced to 16 years.
Eventually, the mistake came to light and Haley tried to fix it. Ted Cruz was solicitor general of Texas at the time. Instead of just letting Haley go for time served, Cruz took the case to the Supreme Court to keep Haley in prison for the full 16 years.
Some justices were skeptical. “Is there some rule that you can’t confess error in your state?” Justice Anthony Kennedy asked. The court system did finally let Haley out of prison, after six years.
--David Brooks, January 12, 2016, NYT
Makes me wonder if Cruz would apply the same rigor to the examination of his case?
In 1997, Michael Wayne Haley was arrested after stealing a calculator from Walmart. This was a crime that merited a maximum two-year prison term. But prosecutors incorrectly applied a habitual offender law. Neither the judge nor the defense lawyer caught the error and Haley was sentenced to 16 years.
Eventually, the mistake came to light and Haley tried to fix it. Ted Cruz was solicitor general of Texas at the time. Instead of just letting Haley go for time served, Cruz took the case to the Supreme Court to keep Haley in prison for the full 16 years.
Some justices were skeptical. “Is there some rule that you can’t confess error in your state?” Justice Anthony Kennedy asked. The court system did finally let Haley out of prison, after six years.
--David Brooks, January 12, 2016, NYT
Makes me wonder if Cruz would apply the same rigor to the examination of his case?
9
Is there really anyone left in this country who does NOT believe that it is time to reorganize? Whatever the founding fathers intended when they created this nation has been gone for so long that all that is left is lip service to something that might have been. The creators of the United States A.K.A. "we the people" of the 18th century would find the actions of King George III admirable, honorable, ethical and highly moral compared to the hacks that hold and run for office in our land today. It is time to write a new constitution creating an organ that eradicates outdated sentiments such as guns, God and gays and create a Parliamentary Republic with Chinese style punishment for crimes and misdemeanors committed by public servants. Waste your time, foolish Americans with convention demonstrations, hoopla, and other ways and means to fill the miserable time in your miserable lives, while one of the worst systems in the world today continues to bamboozle you into believing that there is a nickels worth of difference between these degenerate reprobates that dare call themselves "public servants" while they gorge at the trough of power and greed at the expense of workers and war victims whom they destroy daily.
I was speechless when Cruz assailed Obamacare, and then enrolled for Obamacare coverage for his family.
Now, he's campaigned against Wall St (where his wife works), but used Goldman Sachs to fund his campaign.
And it's MY money, from the government bailout he was against.
This man (and woman) are so two-faced; obviously deceitful. Is there no accountability for swindling the American people with lies and duplicity?
Now, he's campaigned against Wall St (where his wife works), but used Goldman Sachs to fund his campaign.
And it's MY money, from the government bailout he was against.
This man (and woman) are so two-faced; obviously deceitful. Is there no accountability for swindling the American people with lies and duplicity?
14
"And it's MY money, from the government bailout he was against."
It's not your money. Or mine. The bailout was repaid long ago, with hundreds of millions in interest & profit on warrants.
It's not your money. Or mine. The bailout was repaid long ago, with hundreds of millions in interest & profit on warrants.
1
Love it. Crus snipes at Trump for having "New York values", whatever that means. Yet he's an Ivy League alum that panders to his Tea Party base about "East Coast elites", and gets a huge loan from the most viled NYC-based Wall Street bank full of Washington insiders and says "no big deal."
Please pay no attention to the man behind the curtain.
Please pay no attention to the man behind the curtain.
14
Sen. Cruz has proven time and time again that rules are for other people and never apply to him or his family. This is just one example and yes, his wife is complicit in hiding the truth from voters. Voters in Texas are easily fooled by flash and lies; voters in other states, possibly not.
10
How do we launch a recall?
2
Well, I get this, and I loathe Cruz, but.... As to the GS loan, it was a loan against his own brokerage/stock account. It's like if you take a loan against your 401k to pay for your kid's college. You are in a sense liquidating that asset if you cannot pay it back. That said, this should have been disclosed. But "hocked my stock account for a long-shot losing campaign," which is what he did, sounds a lot closer to me to "liquidated my assets" than it does to "Goldman Sachs loan!" I'd like to know about the Citibank line of credit. That's WAY more thematically and ethically problematic. But it does not make for as good a headline, that's for sure.
4
I think what surprises me most in this article is that as a head law firm partner and managing director at Goldman Sachs, the Cruzes only managed to acquire a total personal wealth of $3.4 million dollars.
"they also had big bills, including mortgage payments and full-time child care" -- there is so much to say about this language, I don't know where to begin. I'll assume it speaks volumes without any commentary from me.
"they also had big bills, including mortgage payments and full-time child care" -- there is so much to say about this language, I don't know where to begin. I'll assume it speaks volumes without any commentary from me.
5
The FEC needs to serve subpoenas and take depositions at Goldman Sachs immediately. Everyone involved in the loan, all documents, drafts, etc.. The proceedings should also be public.
WILL THEY DO WHAT THEY CAN DO OR WILL THEY NOT BECAUSE ITS GOLDMAN SACHS? The action or non-action of the FEC will speak volumes about the power of Goldman over our government.
WILL THEY DO WHAT THEY CAN DO OR WILL THEY NOT BECAUSE ITS GOLDMAN SACHS? The action or non-action of the FEC will speak volumes about the power of Goldman over our government.
1
Goldman Sachs is not accused of doing anything wrong. Cruz is the one who seems to have had the obligation to disclose.
6
You subpoena witnesses, not just the defendant or the party you're investigating. That's how our civil and criminal legal system works. Wow, 3 recs to defend Goldman from inquiry. What a sham
2
Principia
You subpoena witnesses to obtain facts & evidence. What facts would you try to get from GS? Therese is no dispute about how the loan was made, or what it's terms were.
You subpoena witnesses to obtain facts & evidence. What facts would you try to get from GS? Therese is no dispute about how the loan was made, or what it's terms were.
500k and inadvertent mistake? Rules like the justice system is for poor people. He'll be fine. We live in a banana republic.
3
Ted Cruz:
Tedious Conceited
Evasive Religiousity
Deceitful Unctous
Zenophobic
Tedious Conceited
Evasive Religiousity
Deceitful Unctous
Zenophobic
7
Come on folks? Really now, who hasn't forgot a little 500k or million dollar loan?
6
Yeah, right. Not as bad as misplacing a $500 million Powerball ticket, right? (I KNOW that $500,000 is around here someplace. Honey, have you seen that pile of money I left right HERE yesterday?? WHERE cxould it be??)
Spoking like a true lawyer, Cruz said he disclosed these financial arrangements somewhere. Fine, but somehow he did so in a manner that was not visible to the people whose votes he sought.
3
How can one run as a Tea Party rock star when your significant other works for the Wall Street you railed against while taking a large loan from one of Wall Streets largest firms to finance your Senate campaign? Sure sounds like a sweetheart arrangement. Where is the outrage from the Tea Party? Or is their over the top rage just as duplicitous as Mr. Cruz's ideology?
9
In November this holier-than-thou but apparently deceitful politician also attended an anti-gay rally in Iowa where the conference organizer called for the death penalty for homosexuality. Sorry conservatives--a lying bigot is not qualified to be President of all Americans.
7
I can't stand Cruz. He is detestable, and I don't think he portrays himself, his backstory, or his views with any honesty, but this feels like a non-story. It doesn't appear he got any special treatment, and unless the loans were forgiven once he was elected, I can only assume he worked his way out of that debt through fundraising.
4
That's really not the point. Any more than it would be the point that you shouldn't get a speeding ticket because nobody was on the road or nobody got hurt. You broke the law, as did he.
3
Yeah Ted, just you typical middle class margin 6 figure account loan that can be used for anything! We all have one! Really?
Most of us middle class folks have to turn in tons of paper work to even get a house loan that approaches 6 figures amounts and it is collateral for 15-30 years at these typical 3% wealthy you just got.
Oh, and you just forgot about it?
Most of us middle class folks have to turn in tons of paper work to even get a house loan that approaches 6 figures amounts and it is collateral for 15-30 years at these typical 3% wealthy you just got.
Oh, and you just forgot about it?
9
Are you not likewise angry over the wealth and corruption of the Clintons!!? Hypocrite.
1
Anybody with a brokerage account or 401k can get exactly the same terns. Not the same amount (that is usually limited to 50% of the account value), but the same terms.
Yes, but they don't conceal it and lie, as Cruz did.
5
Let's see... a tea party senator and a Goldman Sachs exec using sleaze a misinformation to get ahead? Is anyone surprised?
7
SHAME ON HIM! I expected no less!
4
Several things:
1. The simple story of "Yes Honey, please please please, liquidate me!" likely isn't the entire exchange. It was likely more like: "We have x funds in the hidden Swiss account, and the loans from Daddy, I mean Goldman Sachs and Citi, and plus I can put some of this in the secret accounts for the kids, so go ahead and act all sanctimonious about Wall St. while taking a nice perk from my employer. I got it covered".
2. Cruz is a poser, a fake, and a calculated fraud.
3. And interesting that rather than face up to this GOP supporters pull out 'Hillary did it too, so there' or 'Remember Benghazi'.
1. The simple story of "Yes Honey, please please please, liquidate me!" likely isn't the entire exchange. It was likely more like: "We have x funds in the hidden Swiss account, and the loans from Daddy, I mean Goldman Sachs and Citi, and plus I can put some of this in the secret accounts for the kids, so go ahead and act all sanctimonious about Wall St. while taking a nice perk from my employer. I got it covered".
2. Cruz is a poser, a fake, and a calculated fraud.
3. And interesting that rather than face up to this GOP supporters pull out 'Hillary did it too, so there' or 'Remember Benghazi'.
19
Cruz: “Like many other players on Wall Street and big business, they seek out and get special favors from government.”
And here's how they (we) do it.
Is this a criminal offense, or is our election system so utterly broken down that these massive amounts of cash are now considered trivial?
This sleazy hate-mongerer is the last person in the world we want to put in power!
And here's how they (we) do it.
Is this a criminal offense, or is our election system so utterly broken down that these massive amounts of cash are now considered trivial?
This sleazy hate-mongerer is the last person in the world we want to put in power!
7
The 'holier than thou' mentality of religious fanatics like Mr Cruz and his wife know no boundaries. For this mentality rationalizes everything including illegal activities because these deluded persons see themselves doing their god's work.
Is there an ethical distinction amongst any such persons regardless of religion?
Is there an ethical distinction amongst any such persons regardless of religion?
3
It's amazing how many times politicians use the excuse that there no attempt on hiding something, that is until they get caught. There was also no attempt at disclosing it either.
5
I just wonder where was the SEC when through the filibuster he had in congress put the country into default causing the DJ to take a nasty drop. Hard for me to believe Goldman Sachs did not have inside info on that beforehand with his wife working for them. The investigate everyone else and this looks stinky to me. Makes me wonder if he did it for personal gain? It sure ripped several thousand out of my 401K
3
The number of commenters here who've missed the point entirely is kind of sad. The point of the story - emphasized in the headline! - is not that he GOT the loans, it's that he broke the law by failing to report them. Geez, people. Pay attention.
6
Politicians who try to maintain a populist veneer while suckling at the corporate teet. . . available for hire on both sides of the political divide? Quite possibly.
7
Ted Cruz's hypocritical lies about his finances, with his scheming wife's approval, make it clear that his bigoted views and dislike of government also bleed into his views of the public and corporate sector—insofar as he does not appear to follow basic rules that apply to everyone else—and show that he is temperamentally and morally unsuited for any kind of political office where other people's lives are at stake. Thanks to the Times for discovering this shameful abuse of truth.
6
Sneaky little rascal.
4
The excuse will be, as usual, "it wasn't intentionally".
2
When the "little woman" is a managing director at Goldman Sachs, she is actually a very big woman. There are few aspects of American life that the big banks do not worm their tentacles into, and political campaigns head the list.
The release of this new information places a big stumbling block in Cruz's way to the Republican nomination. He will be compared to Trump, who is the "gold standard" for transparency, having told the world during the debates, that he had been paying off all the other candidates for years. What a man!
Normally, should Cruz get the nomination, an honesty contest with Hillary Clinton would be "mano a mano" - a battle that neither would want to take on, and Cruz would be in the clear.
But this year, there is an odd twist - the appearance of a candidate who might actually be honest. Naturally, given the nature of our mass media, and the incredibly low bar for honesty that we subject our leaders to, he has been betrayed as a "freak of nature" - particularly because of his habit of asking voters for a contribution of just three dollars.
But in the last few days, this strange candidate has started to surge ahead in the polls. Paraphrasing a famous Emil Zola quote may turn out to be appropriate: "All the money in the world can not stop a candidate whose time has come".
The release of this new information places a big stumbling block in Cruz's way to the Republican nomination. He will be compared to Trump, who is the "gold standard" for transparency, having told the world during the debates, that he had been paying off all the other candidates for years. What a man!
Normally, should Cruz get the nomination, an honesty contest with Hillary Clinton would be "mano a mano" - a battle that neither would want to take on, and Cruz would be in the clear.
But this year, there is an odd twist - the appearance of a candidate who might actually be honest. Naturally, given the nature of our mass media, and the incredibly low bar for honesty that we subject our leaders to, he has been betrayed as a "freak of nature" - particularly because of his habit of asking voters for a contribution of just three dollars.
But in the last few days, this strange candidate has started to surge ahead in the polls. Paraphrasing a famous Emil Zola quote may turn out to be appropriate: "All the money in the world can not stop a candidate whose time has come".
4
so how did cruz manage to pay back those loans so quickly?
12
This is a much better question
4
Live by the Birther, die by the Birther.
5
Never forget that the Congress has exempted itself from legislation that prohibits insider trading. That means that Cruz is free to trade on inside information from Goldman Sachs, and free to disclose unclassified information to Goldman Sachs that may benefit it financially.
Congress is among the most interest-conflicted collections of bandits to be found anywhere.
Congress is among the most interest-conflicted collections of bandits to be found anywhere.
13
I don't know who looks worse here- Ted Cruz for not reporting the money, his wife, a high velocity investment banker for not knowing the rules about financial disclosure, or Goldman Sachs for hiring a woman who does not know the rules about financial disclosure.
14
Or perhaps their accountant / campaign finance people for not knowing the rules, and Cruz for sign-off on fraudulent returns.
1
You're assuming she didn't know the rules about financial disclosure. There's a chance she did and chose not to follow them.
7
same difference
To quote the oft-repeated description of Goldman Sachs from Rolling Stone Magazine: Goldman Sachs is a giant vampire squid wrapped around the face of humanity, relentlessly jabbing its blood funnel into anything that smells like money. Ted Cruz is not going to bite the hand that feeds him. We can expect more coddling of Wall Street and therefore more inequality. I would rather vote for a true outside like Sanders or Trump than vote for a polished, phoney hypocrite.
12
The "loan" amount goes to Ted Cruz's campaign to become President of the United States of America. The loan is paid back via AIPAC funds. Ergo Netanyahu buys a President and Israel has outright control of US foreign policy in the Middle East.
4
"The loans totaled as much as $750,000 and eventually increased to a maximum of $1 million before being paid down later that year."
OK, legal loans, paid down but not paid off. Paid off within a few months would have been a major red flag, but just the same, quite a chunka change for folks who have cleaned out their savings and can make payments only with current income. What is the present status of those loans after 3 1/2 years? Everything except the failure to report may be on the up-and-up, and Ted may believe we, the People, should MOOB, but he sure as shoot'n' will have to answer The Donald.
OK, legal loans, paid down but not paid off. Paid off within a few months would have been a major red flag, but just the same, quite a chunka change for folks who have cleaned out their savings and can make payments only with current income. What is the present status of those loans after 3 1/2 years? Everything except the failure to report may be on the up-and-up, and Ted may believe we, the People, should MOOB, but he sure as shoot'n' will have to answer The Donald.
1
Cruz has been accusing Trump of having "New York Values" at the same time that his wife had worked at Goldman Sachs and had secured a sweetheart loan so her husband could win an election. Interesting in light of the fact it appears that his wife has taken a leave of absence from GS and Cruz renounced his Canadian citizenship all within the last 18 months. Cruz clearly sees his Canadian citizenship and ties to Wall Street Banking as a big liability. Was not reporting the loan to the FEC just part of the plan as well?
12
As long as we turn a blind eye towards these kinds of transactions between politicians and Wall Street, I'm not going to kick Ted Cruz. The system is broken and we have made virtually no changes to fix it. I'm not voting for Ted Cruz--too crazy, too religious, too sanctimonious--but politicians have been playing this game forever. The other side has been unsuccessfully trying to dig up dirt on Hillary Clinton--without success--since she became a national figure. It's a stupid game that I'm not interested in playing. When politicians and Wall Street start acting like honest and responsible adults, give me a call.
5
I am not buying what this guy is selling... Not just the carpet bombing and turning the sand to glass or making it glow or whatever he said, but just who he is as a person. I am not buying it and I know people here in Iowa are not buying it either.
13
This is an embarrassing legal problem for his campaign because of the fact that nothing was filed in the campaign report. Also, it begs the question as to why it was omitted and who knew it was.
4
Will the public know that the loan has been repaid? Will they know the terms of the loan? Will they know if it is really Ted Cruz who repays the loan?
5
Wow, and he's a lawyer. Maybe it's a good thing he changed careers.
5
His college roommate said - paraphrasing - he would prefer a person whose name he picked out of the phone book at random to be President vs. Cruz.
14
Yep. Quite an indictment. When your college roommate doesn't want you to be President?
3
Also, when asked why so many people appeared to dislike Cruz on first meeting him, he replied that "it just saves time." Priceless.
3
" “Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” he says he told his wife, Heidi, who readily agreed."
If this wasn't so funny it would make me throw up in my mouth.
If this wasn't so funny it would make me throw up in my mouth.
11
The sign in the photo says, "Ted Cruz Proven Conservative."
Perhaps it should have said, "Ted Cruz - Proven Liar."
As a native Texan, I find Ted Cruz to be an embarrassment to my state, to my country, and to decent human beings everywhere.
Oh, wait! He's really a Canadian, not a Texan. Whew!
Perhaps it should have said, "Ted Cruz - Proven Liar."
As a native Texan, I find Ted Cruz to be an embarrassment to my state, to my country, and to decent human beings everywhere.
Oh, wait! He's really a Canadian, not a Texan. Whew!
13
He paid it back later that same year, so obviously the loan was for short-term credit. Did his campaign pay back that loan...or did T. Cruz and wife?
3
And the best he can come up with is he inadvertantly fogot to report a half million dollar loan? Really? Surely he can find some staff tax accountant to blame it on...
4
Come on, I don't like Ted Cruz but this is a semantic difference masquerading as a story. As far as I can tell by reading the story, Ted and his wife borrowed, with full recourse to their assets, to fund his senate campaign. Fine, maybe he should have disclosed it was borrowed vs. from asset sales, I have no idea. The actual economics are not different.
2
The real point is that he concealed the loan and lied.
1
Senator Cruz, determined to impose something like a Christian sharia on us all, determined to go to extremes to deny climate change, shut down government, and have his way, is not a fit person to lead anyone.
The man seems to be so much in love with himself that he will go to any lengths to control other people. This does not qualify him to be a leader.
I'm afraid of him, and of the people who support him and the others who prance on the Republican stage and claim they can do things to defend us all that involve hurting a lot of people.
Meanwhile, he also is not a true Christian. He should read the gospels and check in about the human condition, from which he is not immune. Sanctimony is not an indication of quality, as we know from clergy sex abusers. People who turn their fear of imperfection on to other people are not superior: quite the reverse.
The man seems to be so much in love with himself that he will go to any lengths to control other people. This does not qualify him to be a leader.
I'm afraid of him, and of the people who support him and the others who prance on the Republican stage and claim they can do things to defend us all that involve hurting a lot of people.
Meanwhile, he also is not a true Christian. He should read the gospels and check in about the human condition, from which he is not immune. Sanctimony is not an indication of quality, as we know from clergy sex abusers. People who turn their fear of imperfection on to other people are not superior: quite the reverse.
4
How can loans adding to over a million can be forgotten "inadvertently". You have to be super loaded to forget that you borrowed a million. Oh, the straight talk and honesty of politicians!
3
Ted is a JAP (just another politician)- he sells himself as an outsider, but he cant fool people
1
Is this to say that Cruz would not have qualified for a million dollar loan from the First National Bank of Waco?
A Republican who rails against Wall Street is married to a Wall Street banker? I'm shocked, shocked to find crony capitalism is behind this campaign.
6
Goldman Sachs
it's really a question of who has their backs
forgive and forget
dear Heidi, be assured she's working there yet.
it's really a question of who has their backs
forgive and forget
dear Heidi, be assured she's working there yet.
More important than his deceptive financial practices is his effort to recruit Evangelists in the most troubling settings. Ted Cruz, along with fellow GOP presidential candidates Mike Huckabee and Louisiana governor Bobby Jindal, spoke at a conference in Des Moines headed up by a man who advocates the execution of gay people -- per his interpretation of the bible -- and who made his call for mass extermination once again, onstage at the event, the National Religious Liberties Conference. Pastor Kevin Swanson has said in the past that Christians should attend gay weddings and hold up signs telling the newly married gay and lesbian couples that they "should be put to death."
We can perhaps overlook Cruz's financial sleight-of-hand but not his support of Kevin Swanson.
We can perhaps overlook Cruz's financial sleight-of-hand but not his support of Kevin Swanson.
2
Populist firebrand railing against Wall Street while accepting big loans from them and keeping it on the down low lest his supporters find out. This is a manipulative, deceitful man who talks out of both sides of his mouth. He is the very definition of sleaze.
3
This omission does not matter if there are no legal or financial consequences.
Please somebody explain how Cruz can run for the presidency when the U.S. Constitution clearly states that a president has to be born in this country??? My understanding is there is no doubt or argument that he was born in Canada.
1
Maybe because the Constitution doesn't say that? What it does say that Presidents must be "natural born citizens" which is not the same as "born in the U.S." If someone is born in Canada to a U.S. Citizen, they are very likely natural born in that they are U.S. citizens at birth due to their lineage.
1
The NY Times needs to print a retraction--and an apology. While there may be some technical issues with the way this "loan" was reported, the money did not involve a loan from Goldman Sachs. The money was borrowed from Cruz's investment accounts. This was essentially his own money--borrowed in much the same manner as someone might tap their 401k for home improvements.
The attempt to make this issue seem underhanded, like something done in a surreptitious manner, is plain yellow journalism--fresh bait for a Liberal readership. But it is clearly wrong--and begs to be corrected if the NY Times want to claim any semblance of journalistic fairness or ethics.
The Times has done itself and its readers a great disservice by publishing this poorly researched--and very biased account. I think you would have been much more careful if the candidate sported a "D" in front of his name.
The attempt to make this issue seem underhanded, like something done in a surreptitious manner, is plain yellow journalism--fresh bait for a Liberal readership. But it is clearly wrong--and begs to be corrected if the NY Times want to claim any semblance of journalistic fairness or ethics.
The Times has done itself and its readers a great disservice by publishing this poorly researched--and very biased account. I think you would have been much more careful if the candidate sported a "D" in front of his name.
3
I wonder if Cruz even reported the money he used to repay G-S as income on his personal tax return
Sorry, the article is very clear about all of this:
"One was a margin loan from Goldman Sachs. Margin loans, which are secured by holdings in a brokerage account, are often used to buy more stocks, but can be obtained for almost any purpose.
.....
The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed.
“Bank loans to candidates and loans derived from advances on a candidate’s brokerage accounts, credit cards, home equity line of credit, or other lines of credit obtained for use in connection with his or her campaign must be reported by the committee,” according to the guide."
The article is less clear about the Citibank money, whether that was a margin call or a different type of loan.
"One was a margin loan from Goldman Sachs. Margin loans, which are secured by holdings in a brokerage account, are often used to buy more stocks, but can be obtained for almost any purpose.
.....
The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed.
“Bank loans to candidates and loans derived from advances on a candidate’s brokerage accounts, credit cards, home equity line of credit, or other lines of credit obtained for use in connection with his or her campaign must be reported by the committee,” according to the guide."
The article is less clear about the Citibank money, whether that was a margin call or a different type of loan.
2
Perhaps somebody who works in the field can confirm this, but my impression is that a margin loan against your securities is a loan--one on which you pay interest, and in the course of which you still own the underlying securities. Just because your collateral is stocks and bonds doesn't make this "just your own money." My impression is that the Federal Election Commission thinks so, too, at least according to the rules quoted at the end of the article.
1
Getting a loan from Goldman Sachs didn't fit with the narrative he wanted for his campaign. No one makes that kind of oversight when they have a professional staff as they did. He's just lying.
5
You had me at "Goldman Sachs, where Mrs. Cruz works."
3
Would this be front page if Hillary had done the same thing?
2
front page, back page, editorial page and, forever, page six...betcha!
3
Less than six months ago Hillary was FALSELY ACCUSED on the front page of doing something she hadn't done. The New York Times RETRACTED the story (on page 14?).
https://www.google.com/?gws_rd=ssl#q=new+york+times+retracts+clinton+story
Funny to read the comments by Cruz's fanboys.
https://www.google.com/?gws_rd=ssl#q=new+york+times+retracts+clinton+story
Funny to read the comments by Cruz's fanboys.
4
His supporters will view this as a plus, getting around godless obstacles.
We are sunk.
We are sunk.
1
This is just a warm-up for when the FBI releases their findings on the Clinton Foundation. This is small-ball compared to that.
2
And the Egyptians built the pyramids to store grain.
4
It sounds to me like you are one of those who thinks that pointing out someone else's wrong-doing defends your team against responsibility for its wrong-doing.
But I heard about this "thinly reported" reclassification, and I'm eagerly looking forward to a fuller account, especially on how exactly this in fact harmed US security, if it did.
But I heard about this "thinly reported" reclassification, and I'm eagerly looking forward to a fuller account, especially on how exactly this in fact harmed US security, if it did.
... Nothing change!! He's so arrogant! . Bad character all together. But the farms and cowboys will vote for him. They don't even know the name or what Goldman Sachs is. America is getting the worse punishment , with this kind of politicians.
1
Mr. Cruz has clearly demonstrates that he is inept to be a senator. If he lacks the basic understanding of public financial disclosures and Federal Election Commission rules, clearly he is not qualified for ANY office.
2
Ted Cruz is like the Chevrolet Cruz: both can be bought by anyone.
Pretty outrageous, but one point for self-financing and not relying on wealthy donors with long wish lists. At least President Obama disclosed his holdings in Jamie Dimon's bank.
Wish the NYTs would feature on page one Hillary's equally illegal request that an assistant remove security markings and send her highly classified material unsecured. That email, released last week per a judge's order has, mysteriously, been only thinly reported. Shocking.
Wish the NYTs would feature on page one Hillary's equally illegal request that an assistant remove security markings and send her highly classified material unsecured. That email, released last week per a judge's order has, mysteriously, been only thinly reported. Shocking.
2
I guess you can get away with this in Canada...
Seriously, this is indicative of Cruz's fatal flaw - his conviction that not only is he always the smartest guy in the room but that everyone else is stupid enough for him to con. The reason for any claim to outsider status is because he was so reviled by the end of the Bush campaign in 2000 that the notion of him working in the administration was just untenable to everyone. And over and over again he proves why.
Seriously, this is indicative of Cruz's fatal flaw - his conviction that not only is he always the smartest guy in the room but that everyone else is stupid enough for him to con. The reason for any claim to outsider status is because he was so reviled by the end of the Bush campaign in 2000 that the notion of him working in the administration was just untenable to everyone. And over and over again he proves why.
3
I am afraid you guessed wrong. Canada's campain finance system works very different and there is certainly a limit on how much a cndidate can spend on his election. Furthermore their campaign time from the start to election is so much shorter.
1
'Proven Conservative'
How about Proven Liar!
Oh Honey, where is that little check from Goldman?
I have a few campaign expenses to pay.
Gee golly, how am I going to spin this one to the voters?
Oh yeah...I think I have just the story for them.
I'll talk about self sacrifice and mortgaging my house.
The Voters will love that story!
God bless me and my imagination!
How about Proven Liar!
Oh Honey, where is that little check from Goldman?
I have a few campaign expenses to pay.
Gee golly, how am I going to spin this one to the voters?
Oh yeah...I think I have just the story for them.
I'll talk about self sacrifice and mortgaging my house.
The Voters will love that story!
God bless me and my imagination!
2
Memo to Ted Cruz.
This is what happens when you mess with Donald Trump.
Memo to Hillary.
Take note. If this is what Trump is doing to Cruz as a warmup, what does he have in store for you in 2016?
Game on.
This is what happens when you mess with Donald Trump.
Memo to Hillary.
Take note. If this is what Trump is doing to Cruz as a warmup, what does he have in store for you in 2016?
Game on.
1
Bottom line, there is very little truth in Ted Cruz statements when you actually look at the details. Same for Mrs. Cruz.
Cruz did not follow the law but at the same time he certainly claims to be a strict fundamentalist when it comes to the application and enforcement of the law. I think this is called hypocrisy.
Christie and the Donald will 'Cruzify' him tonight. It should be fun to watch.
Cruz did not follow the law but at the same time he certainly claims to be a strict fundamentalist when it comes to the application and enforcement of the law. I think this is called hypocrisy.
Christie and the Donald will 'Cruzify' him tonight. It should be fun to watch.
2
Do you really want to know what I think?
I think you uncovered a hint of backing by big oil.
Is Cruz another big oil puppet like Bush JR, Cheney, or Greenspan?
Cruz hid a big loan from a bank that speculates in oil and is married to their executive.
I think you uncovered a hint of backing by big oil.
Is Cruz another big oil puppet like Bush JR, Cheney, or Greenspan?
Cruz hid a big loan from a bank that speculates in oil and is married to their executive.
So another paid off, lying cheating politician. That makes how many?...ALL of them. EVERY politician, from all parties, has lied to the American people.
From, " I didn't trade arms for hostages", to "No new taxes", " I didn't have sex with that woman","weapons of mass destruction", "if you like your health plan and your doctor, you can keep them". There is no real consequence for lying.
They keep their jobs and the American people just shrug and say ...oh well.
From, " I didn't trade arms for hostages", to "No new taxes", " I didn't have sex with that woman","weapons of mass destruction", "if you like your health plan and your doctor, you can keep them". There is no real consequence for lying.
They keep their jobs and the American people just shrug and say ...oh well.
I wonder if he paid his taxes and penalties on the liquidated retirement funds...
3
This doesn't surprise me at all. He is the prime example of why people don't like politicians, yet still seem to support them, when, If we were to do the same nefarious act, would face prosecution. So my politician is a crook, I will still vote for him because he is relligious. Sad state of affairs that he has gotten this far in the campaign.
1
A lying phony - what a surprise!
Oh, the Times declines to print the reports of the releases of Hilliary's emails (under FBI investigation) but feels this issue rises above Hilliary's continued infractions of the law, potentially. this is the thing about the Times that get me. I love the paper for its first class articles aside from politics. but please lets have some balanced news, when we have a former secretary of state under investigation by the FBI, in a possible doomed election, with the chance of jail time for her acts, versus Ted Cruz's non-disclosure of a collateralized margin loan, and there's not one article on the substance of the emails release.......come on
2
What remains are unclear are the legalities. Does mean there will be an investigation with potential charges? If so, then he will be put in the penalty box with Chris Christie and his candidacy will limp along, but be effectively over.
That leaves Grifter #2, Marco Rubio a clearer path to the nomination (or Grifter #1, chronologically). The man who takes no-interest loans for family vacations and car repairs when he absent-mindedly pulls out his government credit card.
I knew of an 18 year old in the U.S. Army, a quartermaster clerk, who pulled out Uncle Sam's money to buy a Jeep and earned a dishonorable discharge and not a Senate seat.
People who play fast and loose with other people's money with ulterior motives and then get caught lying about it should lose their job and ideally get a perp walk.
Maybe Jeb wins through attrition? Dumb but honest, that's our Jeb!
That leaves Grifter #2, Marco Rubio a clearer path to the nomination (or Grifter #1, chronologically). The man who takes no-interest loans for family vacations and car repairs when he absent-mindedly pulls out his government credit card.
I knew of an 18 year old in the U.S. Army, a quartermaster clerk, who pulled out Uncle Sam's money to buy a Jeep and earned a dishonorable discharge and not a Senate seat.
People who play fast and loose with other people's money with ulterior motives and then get caught lying about it should lose their job and ideally get a perp walk.
Maybe Jeb wins through attrition? Dumb but honest, that's our Jeb!
It isn't the loans that are in question. IT WAS THE FAILURE TO DISCLOSE THEM. IT WAS THE BREAKING OF THE LAW.
Ted, I'm ashamed of you.
2
Waiting for Rand Paul to propose a Senate censure of his colleague; wouldn't that be appropriate? No level of dissembling on Senator Cruz' part can explain why a Harvard Law graduate and Texas Solicitor General was incapable of reading and understanding the FEC disclosure requirement.
1
I really think Ted Cruz is another big oil man. Follow my hunch.
An investment bank director in the oil capital. A Texas Politician that tries to hide the financing.
You only discovered the symptoms of a disease but have yet to confirm the disease.
Follow my hunch.
An investment bank director in the oil capital. A Texas Politician that tries to hide the financing.
You only discovered the symptoms of a disease but have yet to confirm the disease.
Follow my hunch.
Is Goldman Sachs planning now investments in Canada? Or setting-up some type of Cuban hedge fund? Whatever they'll do they expect a high ROI from their Cruz venture.
1
Well, that settles that. I'm definitely not voting for anyone with shady financial connections! We can't possible nominate, let alone elect someone who, along with their spouse, participates in questionable financial transactions. Money transfers, loans from corporations and employers. We want someone who is fully transparent with all of their financial dealings, past and present. Someone honest. Someone with nothing to hide. No conflicts of interest.
NYT Hillary endorsement in 5...4...3...
NYT Hillary endorsement in 5...4...3...
1
The fact that he got a loan from Goldman is not the point.
He told a lovely story how his wife supported him in liquidating ALL of their assets and putting the money into his senate campaign.
FACT: HE DIDN'T DO THAT.
Instead, he got a loan from Goldman to cover the campaign costs. Nothing wrong with that. Smart, even. Why use your own $ when you can borrow someone else's.
THE LIE: 1) The story he told re: liquidation is a LIE. 2) He failed to report the $/loan from Goldman on his financial disclosure forms = LIE.
There must be some form of redress for having committed these acts. Cruz should be prosecuted under the full extent of the law.
He told a lovely story how his wife supported him in liquidating ALL of their assets and putting the money into his senate campaign.
FACT: HE DIDN'T DO THAT.
Instead, he got a loan from Goldman to cover the campaign costs. Nothing wrong with that. Smart, even. Why use your own $ when you can borrow someone else's.
THE LIE: 1) The story he told re: liquidation is a LIE. 2) He failed to report the $/loan from Goldman on his financial disclosure forms = LIE.
There must be some form of redress for having committed these acts. Cruz should be prosecuted under the full extent of the law.
1
This should come as no surprise to anyone. Cruz is an unprincipled reactionary whose personality is dominated by a mammoth egocentrism. This type is capable of doing and saying anything, right wing regimes are traditionally staffed by individuals arising from this sort of ethical cesspool.
Another lie by a REPUBLICAN? I'm shocked Rick! Shocked!
When will true campaign finance reform finally make politics more transparent, fair, and democratic? The taint of money is growing as the plutocratic class tightens its hold on the rudder of governmental power. Those with the most money enjoy an inherent advantage in a political system that gives big money a larger and louder voice. People who vote for Cruz will not much care about details of his financial indiscretions. They're too enthralled by his insightful and divisive rhetoric to care about anything else. It is the duty of moderates in both political parties to move public discourse to concerns and hopes that truly matter.
1
Duh, maybe he forgot?
2
Who let the dog's out? Didn't even have the stomach to watch these clowns debate tonight. But after not winning the powerball last night, this could now be a great source of needed entertainment after all this news has come out about Mr. Righteous.
2
Oh, come on, people! You know rules and things like "laws" only apply to us little people. It was a simple, "Oops!". A $100k here, $500k there. Its a lot to remember for a guy who just wants to serve himself - oops! - I meant his constituents.
7
All the liberal digging and this is their precious nugget! Imagine if they turned that skeptical eye towards HRC and her foundation.
Holier than thou Ted gets exposed as a fraud and people rush in to support him. It truly is a declining society.
2
I someone had been "exposed as a fraud" I would not support them. Does your logic apply to HRC and Obama? I thought not.
To Clinton Inc., this kind of thing is called business as usual. Goldman Sachs is an equal-opportunity enabler for the 1 percent. So what else is new?
4
Ted Cruz...Liar's Liar...not to be trusted...
2
Why the heck do I care how many loans he has?
If the man is gonna take kick-backs he's gonna take them whether he needs them or not!
If the man is gonna take kick-backs he's gonna take them whether he needs them or not!
2
Oh, c'mon...it was just an "inadvertent" error.
2
A large portion of the comments on this article miss the point. The article is not denying Cruz's right to borrow the money or insinuating that he got a break on the terms of the loans.
It is all about the failure to disclose what, by LAW, should have been disclosed and whether this "inadvertent" failure had anything to do with his phony anti-elitist, ant-Wall Street stance.
It seems to me that he broke the law and suckered the people of Texas into thinking he is just like them and just as fed up with the Washington elites.....you know the Princeton and Harvard Law School educated, Supreme Court Justice clerks whose wife works for one of the largest Wall Street investment banks in the world.
Oh...wait a minute.......
It is all about the failure to disclose what, by LAW, should have been disclosed and whether this "inadvertent" failure had anything to do with his phony anti-elitist, ant-Wall Street stance.
It seems to me that he broke the law and suckered the people of Texas into thinking he is just like them and just as fed up with the Washington elites.....you know the Princeton and Harvard Law School educated, Supreme Court Justice clerks whose wife works for one of the largest Wall Street investment banks in the world.
Oh...wait a minute.......
18
How did Cruz have a $1,000,000 of personal savings, after paying taxes and living expenses, without ever having a high paying job?
It puzzles me to no end how politicians get insanely wealthy on $150,000/year jobs.
It puzzles me to no end how politicians get insanely wealthy on $150,000/year jobs.
8
The article clearly states that he earned more than $1 million per year as an attorney, and his wife earned a "six figure income." He wasn't an office holder during the period in question.
401k plan
Oh, Ted. Ted Cruz will not be the next president. Neither will Donald Trump. Marco Rubio, their best, sanest hope, will be crushed like a bug by Hilary (could he make it through even three hours of what Hilary was put through for 12 hours by the Benghazi committee a couple months ago?). Character and "likability" still count, and there's no way Ted Cruz will ever look credible to most of the American people, his new Duck Dynasty ad notwithstanding (he looks terrified in that face paint).
2
Unless, of course, Hillary is in prison.
If character and likability still count, I hope Sanders is getting ready to measure the WH drapes.
2
Heidi Cruz is on leave as a managing director at Goldman Sachs. Yet she and Ted didn't disclose the loan. Looks bad.
8
Big deal! Minuscule error compared to the mountains of sleaze Hillary Clinton embodies and embraces. From her days as a lawyer and the hundred thousand she made in one day (and she nothing about commodities trading) to the millions upon millions donated - not loaned to her - given, no strings attached - to the Clinton's phony Chelsie run charity; Cruz's loan amounts to nothing.
In fact, Cruz loan was akin to getting a 2nd mortgage as he borrowed against his assets. There was no free gift loan. If he coudn't repay the loan Goldman could foreclose on his IRA. So where's the sneeze? Nothing. Baloney.
In fact, Cruz loan was akin to getting a 2nd mortgage as he borrowed against his assets. There was no free gift loan. If he coudn't repay the loan Goldman could foreclose on his IRA. So where's the sneeze? Nothing. Baloney.
1
Thanks, Tom Paine! Now I can, let's say, shoplift and if my "it was inadvertent" defense doesn't fly then I call fall back on something like "it's minuscule compared to what junk mortgage repackagers stole from investors"!
By the way, let me know if I should accept your allegations about "mountains of sleaze" as true, simply on their face. Thanks again.
By the way, let me know if I should accept your allegations about "mountains of sleaze" as true, simply on their face. Thanks again.
2
Except...Cruz said yesterday it was a margin account loan. Margin loans are against equities held by the lender (GS). Either Rafael lied repeatedly that he had liquidated all his assets, or, if he liquidated all his assets, he got an unsecured, 3% loan from GS. So what did GS get in return, in that case? As to Clinton; she's a liar, too. Why I'm not supporting her. But why can't Cruz supporters have the intellectual honesty to call this man what is is: a Princeton/Harvard/High Priced Lawyer/GS, lying insider?
1
Why did he lie about it then?
Mr. Cruz, a Harvard educated lawyer, doesn't know how to read Campaign Finance laws? And follow them to the letter? Then he doesn't deserve to be a senator let alone president. Wait, isn't he Canadian anyway?
11
Cruz famously informed a little girl that the whole world was on fire. Now it appears his pants were, too.
17
Horrible that he borrowed money from a bank. That should be a crime. Anybody who borrows from Citibank or had a brokerage account and Goldman has not right to run for office let alone walk free among us. I wonder if he also used a personal server to store classified information and then lied about it or used a private charity to personally profit from a government position.
1
It isn't that he borrowed money. It is that he didn't report it.
2
Well, it appears trusTED's pant's are on fire. Surely The Fox News(?) Show has a team in route to get to the bottom of this, in between Benghazi updates. Neither are to be trusTED.
2
While I agree a lot with what "Stuart" says, explaining that margin loans are not extraordinary etc. what he (and perhaps others) fail to realize (and is the thrust of the NYT argument) is that if this is all so "ordinary" then WHY NOT DISCLOSE!
I agree, "no smoking gun" but you violated disclosure laws for 5+ years.
I agree, "no smoking gun" but you violated disclosure laws for 5+ years.
5
Guess who owns Mr. Cruz and where his real loyalties can be found...
Not with you and me, not with Middle American, not with the 99%!
Good work NYT!
Michael Bain
Glorieta, New Mexico
Not with you and me, not with Middle American, not with the 99%!
Good work NYT!
Michael Bain
Glorieta, New Mexico
12
Spending a million dollars of his own money, to secure a job that pays $170K/yr. Makes perfect economic sense. !
7
Rules are for the little people.
5
Rules are for fools
1
Meanwhile, Hillary gets closer and closer to multiple indictments for clear, knowing breaches of her sworn duties with classified documents and handling of govt. business on a private and unsecured server NOT authorized for use by Obama - and the NY Times is silent. I can remember when this was a newspaper and not a political action committee.
Yes, The Little People get and forget loans from Goldman Sachs ALL the time.
Get ready for the Redemption/Forgiveness spiel.
Get ready for the Redemption/Forgiveness spiel.
7
So our latest Great American Populist is Canadian-born, Harvard-educated, Washington-trained, and Wall Street-financed? Fits so well in the context of the current silliness.
9
Gee what a surprise. Yet one more example of the complete hypocrisy of G.O.P. candidates preaching one thing and privately doing the opposite. You can`t. have it both ways; either you are genuine in your belief WALL STREET is out of control (it is) and you want to reign in the madness; or you are just another one of the cronies that you are supposedly trying to oppose. It is a wonder every one of these guys (especially Trump) does not have a 2 foot Pinnochio nose by now.
3
This is why I subscribe to the New York Times. Very nice work, folks.
7
Cruz is fake, not born in the US, is now shown to be a liar and has zero appeal. I would vote for Trump before I voted for Cruz. At least with Trump, you know what you are getting even if you don't agree, who knows what the next story will be about Cruz.
2
OOPS!!
I forgot I had a loan for my Man of the Little People run for President! Things like Harvard and Princeton also just "happened to me"!!
Nothing will come of this. No minds will be changed. I appreciate that the Times is covering it, but unless you make this an issue, you know like you did with all of those weapons of mass destruction you reported on, this story will go away quickly and without repercussions.
5
Yawn... meh. A loan is not free money. I'm not excited over this.
The sad thing is, this behavior should shame a candidate enough for him/her to step down from running for the highest office in the land.
Offering a lame excuse for your behavior - that you didn't understand what you were doing - is no excuse. It should be further proof you aren't qualified to be our President, and should step down.
Have our standards in our great country become so low?
Fact checking has shown Trump lies 76% of the time.
And now this from Cruz.
And yet these two are leading polls.
How has it come to this???
Offering a lame excuse for your behavior - that you didn't understand what you were doing - is no excuse. It should be further proof you aren't qualified to be our President, and should step down.
Have our standards in our great country become so low?
Fact checking has shown Trump lies 76% of the time.
And now this from Cruz.
And yet these two are leading polls.
How has it come to this???
5
Ths man is not qualified to run for president . O hope he realizess it's not going to get better but worse. DROP OUT!
1
The US Senate Ethics Committee and the Texas State Bar should investigate this matter.
2
Not bad. Mamma didn't make no fool! The man got himself a wife and a half million dollars to boot! Indeed, Goldman Sachs.
2
From the non-establishment candidate! A one million dollar loan from those non-establishment folks over at Goldman Sachs? I'm shocked! Shocked I tell you! No wonder it wasn't reported.
1
Now, why on earth would a Texas Tea Party candidate want to hide a loan from a New York Bank, especially from Goldman Sachs? I bet most of those Texas Tea Party dudes hold Goldman Sachs in high esteem. LOL
5
Mister God Almighty, aka, Rafael Cruz is a liar. Who would have believed. The man who is said to have been sent by God to save America. Give me a break! Another politician like so many of them. Liar, liar, liar.
5
Why the surprise? Isn’t Cruz the prototypical snake oil salesman?
4
I love the NYTimes photos and graphics over the years. Note the ".org" web address on the banner in the photo. A non-profit organization? Indeed.
3
Thank goodness this didn't have something to do with Ted's e-mail account or he'd be in BIG trouble with his conservative base.
4
No trouble whatsoever only Dems would get in troble. His Evangelical would absolved him.
Word is out that the "star" of Duck Dynasty has endorsed TC. God help us.
6
No surprise whatsoever at this news,
it's all lies and bluster with Ted Cruz!
it's all lies and bluster with Ted Cruz!
1
What possible difference can this make? He borrowed against HIS OWN money. Not a gift. No strings. No special interests involved. We think nothing of a Super Pac doling out money with NO trail, and yet we feign outrage over this? Had he just sold the securities, would he be obligated to account for his own cash?
Make no mistake, I loathe Cruz, but it seems specious to go after him over this. I mean, really.?
Make no mistake, I loathe Cruz, but it seems specious to go after him over this. I mean, really.?
1
Why then did he lie about it?
What timing, just as the rest of us prepare for the annual angst of doing our taxes.
2
Hate to say this but ".. here we go again ..." another lying politician. What's really irks me though is that they eventually he may get away with it; people tend to be emotional about the person and forgets their sins and errors. But, why do we, in this great country of ours need, never mind a republican, a liar in the white house. I wish each and everyone would ask that question. I certainly hope he will get fined and if it drags out, also be censored by the Senate. Although I'm a long way from even thinking of Trump, I do hope he beats this LIAR in the primary.
2
Another phony...Republican..Ted Cruz ....like Rubio....like Trump....all belong
in the "wax works of the infamous non establishment contenders for
being representative of all of USA...that is We The People...these phony
baloney anti GOP...who have been taking $$$$ ...and making a DEALs with
those who want to be "KING" makers...
These three phonies who are trying to dupe the electorate in order to be top Plutocrat not President in 2016"....
I say be gone....and let their plays on this stage be forgotten sooner than later.
in the "wax works of the infamous non establishment contenders for
being representative of all of USA...that is We The People...these phony
baloney anti GOP...who have been taking $$$$ ...and making a DEALs with
those who want to be "KING" makers...
These three phonies who are trying to dupe the electorate in order to be top Plutocrat not President in 2016"....
I say be gone....and let their plays on this stage be forgotten sooner than later.
7
He was a partner at a law firm and a lawyer with a million dollar salary. He had a team of campaign finance experts. His wife aside, $500K loan even for him was a big loan and there is no arguing he and his team knew about the disclosure rules.
He chose down the risky path of getting exposed for his unethical omission later rather than being honest and risk losing his base. After all he was up against a well funded rival and already built his persona as an outsider who will reign in the big banks.
Nothing will happen to his political career in the long term. He is already a senator and there is no chance of being impeached. He wasted time campaigning for presidency but that is only a small loss.
However he should be disbarred for his disclosure crimes. The bar needs to call him out on the higher standard of ethics he ought to demonstrate. This omission was intentional and he needs to be stripped of his law license.
He chose down the risky path of getting exposed for his unethical omission later rather than being honest and risk losing his base. After all he was up against a well funded rival and already built his persona as an outsider who will reign in the big banks.
Nothing will happen to his political career in the long term. He is already a senator and there is no chance of being impeached. He wasted time campaigning for presidency but that is only a small loss.
However he should be disbarred for his disclosure crimes. The bar needs to call him out on the higher standard of ethics he ought to demonstrate. This omission was intentional and he needs to be stripped of his law license.
7
Do you really think, for one nanosecond, that the Bar in Texas will disbar him for this?
Dream on!
Dream on!
Sure...It was simply an oversight. But he didn't overlook the heartwarming story of total liquidation and his wife standing by her man without hesitation. Who paid back the loans I wonder? Could we see that list of donors?
8
no
how dare you ask that in america
how dare you ask that in america
1
And proven once again that we, The World's Greatest Democracy, have The Greatest Government Money Can Buy.
1
C'mon now, folks, let's be fair. Trump's got all the money he needs but poor (but honest) Ted Cruz had to go begging to Goldman Sachs and Ctibank. So how will Cruz repay the loans? No pro blem, when he's President he'll just mortgage the country to Wall St. Isn't that what most presidenets do?
4
Ethically-challenged Ted Cruz's latest shenanigans don't surprise me in the least. His allegedly unreported campaign loan just joins a never-ending list of ill-doings:
1. His constantly twisting facts to woo voters
2. His disparagement of women, gays, immigrants, and other minorities
3. His leveraging support from GOP colleagues he can't stand...
This dude is a buttoned-up chameleon: a joke. I feel sorry for his alma maters, Harvard and Princeton universities, for having to call him one of their own.
1. His constantly twisting facts to woo voters
2. His disparagement of women, gays, immigrants, and other minorities
3. His leveraging support from GOP colleagues he can't stand...
This dude is a buttoned-up chameleon: a joke. I feel sorry for his alma maters, Harvard and Princeton universities, for having to call him one of their own.
4
My hope for anyone old enough to vote is...
Take into consideration that the two party system is rigged, hence the insurgence of Trump and Bernie. So what does that leave you with to consider when voting? The issues. And that's what a true democracy should be based upon.
However, the wealth of corporations and lobbyists should never have to factor into what's best for this country, because profits will always come first. It's the American way, am I right? Every candidate that accepts money from anyone but the people will be beholden to them later on - and we are left with status quo politics and a stagnant economy.
Chose someone who can bring the greatest good to the greatest many.
That is all!
Take into consideration that the two party system is rigged, hence the insurgence of Trump and Bernie. So what does that leave you with to consider when voting? The issues. And that's what a true democracy should be based upon.
However, the wealth of corporations and lobbyists should never have to factor into what's best for this country, because profits will always come first. It's the American way, am I right? Every candidate that accepts money from anyone but the people will be beholden to them later on - and we are left with status quo politics and a stagnant economy.
Chose someone who can bring the greatest good to the greatest many.
That is all!
1
The people that support Ted Cruz will believe whatever implausible lie he tells them and will vote for him in the primaries no matter what. On the other hand, there are no doubt Democratic strategists who would love to use this information to ensure that Cruz never gets his hands on the presidency. Let's hope this story stays alive for a long time!
3
Ted Cruise
everything he owned he said he would use
until he needed more
Goldman/Guzman they both topped up the score.
everything he owned he said he would use
until he needed more
Goldman/Guzman they both topped up the score.
3
All you need to know about Ted Cruz was contained in David Brook's recent column in the Times. It's a shame that column was seen only there. It's something that should be distributed everywhere possible.
4
You won't see that on any of the corporate propaganda outlets (i.e. CNN, MSNBC, ABC, CBS, NBC, etc.)
Haha. I wonder what Cruz and his fellow Republicans would say if Hillary had done this.
Will Trump mention it tonight?
Will Trump mention it tonight?
4
Ted Cruz *Proven Conservative.* The Long Con continues unabated. cc: Rick Perlstein.
1
Excuses, excuses. If Hillary had done this, they'd burn her at the stake.
3
The banner behind Cruz and his wife in the picture accompanying this article reads:
TED*CRUZ
Proven Conservative
Ted's a "proven" something, all right. But "conservative" is not the first word that comes to mind.
TED*CRUZ
Proven Conservative
Ted's a "proven" something, all right. But "conservative" is not the first word that comes to mind.
6
I'm still waiting on the NYT to follow up on how Hillary turned $1,000 into $100,000 by playing cattle futures and reading the Wall Street Journal. Give me a break. This is far worse than failing to disclose a margin loan borrowed against your own assets, which any person with an investment account can do.
1
If anyone is keeping count, this makes the ummpteenth millionth fundamentalist that has preached Biblical values of truth, poverty and fidelity - just so they can fleece the flock.
The evangelicals planning to vote for him need to step back and wonder how it is that this keeps happening to them.
How was it that God didn't give them a "Heads UP!!!" on this earlier....?
The evangelicals planning to vote for him need to step back and wonder how it is that this keeps happening to them.
How was it that God didn't give them a "Heads UP!!!" on this earlier....?
12
Just imagine how cozy Cruz will be to Wall Street and in particular Goldman Sachs if he gets elected.
10
Umm... If securities were pledged for the loan, how is it that they liquidated everything? And I never realized his wife worked for Goldman Sachs. Interesting in and of itself.
3
Oh, sure. Could Ted Cruz's half-million dollar "oversight" upend his meteoric rise to the Presidency? Oh, no. In the context of this year's political climate it's more likely to be noted as a NY Times smear tactic and taken as an endorsement of his conservative cred. I'm sure it will be brushed off like the pesky question of his birth and citizenship.
2
So this paragon of virtue, this legislator and lawyer who prides himself on his knowledge and intelligence not only broke the law but made up a Horatio Alger fable about the money for his Senate campaign. I guess he will spin this for the evangelicals as being a repentant sinner. "Inadvertent"? I don't think so. Just another example of someone thinking the rules do not apply to them. He is so sanctimonious about his views and positions. That makes this transgression worse. The hypocrisy is delicious.
8
A name like Tom Cruise and a face like Bill Murray. The fools will vote for him.
1
Of course he didn't disclose the loan. This surprises anyone?
5
There was nothing unethical. Let him file an amended report, and fine him. It is a very minor mistake.
There was no "mistake" he reported it in an intentionally obtuse way to obscure it. It has been discovered as he knew it would be because people are looking deeper into his info now that he is trying to become potus. If he had reported it openly and honestly as it is supposed to be he probably never would have gotten elected since the fact of it belies his fraudulent claim of having liquidated his assets to run. If you liquidated your assets you don't retain possession of them.
Why do they have so much money? Most working Americans live pay check to pay check. How is he going to understand the real needs of those workers?
5
I'm hoping news of this loan provides some entertainment in tonight's debate.
5
I'm sure he has a good story or lie to explain his way our of this. He is running for president after all he must be be telling the truth.
3
Will anyone recognize that Cruz is a con man?
9
There isn't a crook out there who thinks he has done anything wrong. That's why they are crooks.
11
When you're a rich macher (Yiddish for "Big Shot", often with a slightly smarmy connotation), I can only assume that you must feel the rules of decency, law, and propriety don't apply.
We paesans "out here" would be flagellated and pilloried - or worse!.
Feh!
We paesans "out here" would be flagellated and pilloried - or worse!.
Feh!
13
Is Cruz a Manchurian candidate for the big banks?
11
So Cruz the snake is also a sleaze. No big deal. Everyone knows that already.
11
That crazy Canadian! Why is this unsurprising?
7
I agree that margin credit is not really a loan. It is just an alternative way to tap your assets without liquidating your portfolio. The Cruz family already had this money, they just didn't want to sell off their securities at the time.
A credit card advance, on the other hand, would really be an unsecured loan, that adds to your net funds available.
A credit card advance, on the other hand, would really be an unsecured loan, that adds to your net funds available.
The real story of interest is who paid off Cruz's margin loan.
3
Regrettably, the point is that he took out a loan from a major Wall Street firm, failed to report it as was legally required, lied through his teeth about where his campaign money came from, and went on to campaign against the Wall Street firms and insider deals that he used.
5
Cruz's regularly professes that Jesus is his lord and savior. But he failed
to mention that Goldman Sachs did more for him than Jesus ever did.
He's caught in a lie.
to mention that Goldman Sachs did more for him than Jesus ever did.
He's caught in a lie.
21
I saw this character give a biblical quote in front some I guess evangelicals supporting him. Well Teddy my boy, it's time to do chapter and verse again in hopes of justifying your actions here.
8
I thought Canadians had better values!
10
Why can't Ted tell the truth about anything.I am starting to think that all politicians are pathological liars
3
Oops
5
Criticizing Wall St bailouts and big bank influence in Washington while he himself is being bailed out by Wall St. This level of hypocrisy is astounding even for a profession where spinning, prevaricating, and hypocrisy are traits to be nurtured.
10
So Canadian Ted Cruz lies multiple times about a single event:
1. He says his wife immediately agreed to liquidate all of their liquid assets to invest the proceeds in his campaign, when THAT was clearly NOT truee.
2. He get not one, but TWO LOANS, totalling of the order of a MILLION dollars, and somehow, he neglects to report those facts on his financial disclosure forms, which constitutes a least one more lie, and possibly two, if the failure to report each loan os a separate act of omission (which would seem to be the case).
1. He says his wife immediately agreed to liquidate all of their liquid assets to invest the proceeds in his campaign, when THAT was clearly NOT truee.
2. He get not one, but TWO LOANS, totalling of the order of a MILLION dollars, and somehow, he neglects to report those facts on his financial disclosure forms, which constitutes a least one more lie, and possibly two, if the failure to report each loan os a separate act of omission (which would seem to be the case).
14
Ah! Shucks! Our good ole Texas boy is just as plain as dirt and down home as a double wide parked in the scrub oakes so he sez!
What Mr. Cruz is really depends on the meaning of "is!" Is he country--no! Is he the enemy of the rich and the powerful--no! Is he genuine--no! Is he just another rich, ambitious, and reactionary political wolf in sheep's clothing trying to fool the voters all the while gaming the system--YES!!! And voters try to understand that one fact and vote according to your real interest and not "good ole boy beholding to Goldman Sachs and others of the 1%!"
What Mr. Cruz is really depends on the meaning of "is!" Is he country--no! Is he the enemy of the rich and the powerful--no! Is he genuine--no! Is he just another rich, ambitious, and reactionary political wolf in sheep's clothing trying to fool the voters all the while gaming the system--YES!!! And voters try to understand that one fact and vote according to your real interest and not "good ole boy beholding to Goldman Sachs and others of the 1%!"
17
Big banks bought a Senator? I'm shocked...shocked!
12
Ted Cruz lied? I'm astonished!
10
Cruz in for a bruisin' 'cause we ain't snoozing' no more.
8
This story will undoubtedly be dismissed as a left wing hatchet job that unfairly pillories Cruz, solidifying his base support on the right, and his polling popularity will rise.
15
I'm sure Mr. Trump will have something to say about this. He may even start calling him by his given first name Rafael.
7
Few have been more critical of Goldman, Sachs than I. And I know that firm well. Gus Levy's money was managed by my dad, we had a son there for 17 years... and S B Lewis & Company, my firm, was close to Bob Rubin and Bob Freeman for years... and our law firm was the same firm.
That said, this is a cheap shot. I do not know a thing about Ted Cruz or his wife's relationship to Goldman, but this is a foot fault, to quote another genius I do not know... that appeared on Morning Jo this morning, Steve Ratner.
Gotcha Journalism - is not pleasant. If The New York Times political savants want to earn my respect, let them turn Jo Becker loose on Hillary and Bill, the Clinton Foundation and Frank Giustra - again. Let them investigate the email and the trail in Benghazi. Let them assign Mike McIntire to the Clinton Foundation where it crosses to State Department. Bill Clinton and Hillary may not share a bed, but they do share the swag he and she have been raising in their unique effort. Politics for Profit might be the lede of a good effort here.
The New York Times is far and away my newspaper. The Times is shaky. Many are. We will not have what's left of our kleptocratic republic tending to empire if we lose The New York Times. But there are a number of ways to lose The Times. Gotcha is another way... Mr. Slim of Mexico is waiting. And Mike Bloomberg will write that check in a New York minute.... changing what really matters at the helm of my favorite paper.
Please... no more.
That said, this is a cheap shot. I do not know a thing about Ted Cruz or his wife's relationship to Goldman, but this is a foot fault, to quote another genius I do not know... that appeared on Morning Jo this morning, Steve Ratner.
Gotcha Journalism - is not pleasant. If The New York Times political savants want to earn my respect, let them turn Jo Becker loose on Hillary and Bill, the Clinton Foundation and Frank Giustra - again. Let them investigate the email and the trail in Benghazi. Let them assign Mike McIntire to the Clinton Foundation where it crosses to State Department. Bill Clinton and Hillary may not share a bed, but they do share the swag he and she have been raising in their unique effort. Politics for Profit might be the lede of a good effort here.
The New York Times is far and away my newspaper. The Times is shaky. Many are. We will not have what's left of our kleptocratic republic tending to empire if we lose The New York Times. But there are a number of ways to lose The Times. Gotcha is another way... Mr. Slim of Mexico is waiting. And Mike Bloomberg will write that check in a New York minute.... changing what really matters at the helm of my favorite paper.
Please... no more.
3
How is it a cheap shot to report a candidate's breaking election laws and especially this professed "outsider" taking "insider" money? Cruz appears to have done so while he was attacking his Wall St funders The cynicism is disgusting.
You're right. He only committed a knowing violation (probably at a felony level) of Federal election law, lied to voters in a major way, and then went on to attack the things he'd just done.
He must be a Muslim. After all, you guys keep telling us that the Koran says lying to infidels is just fine.
He must be a Muslim. After all, you guys keep telling us that the Koran says lying to infidels is just fine.
Cruz broke no law.
Cruz is one of the most stupidest and vacuous of the candidates in play. Guess the Americans will get him if they deserve him.
7
Given the clear facts, this article and it's headline are altogether too kind to Mr. Cruz. Instead, what has been proven is - (1) Cruz, an Ivy wunderkid and top lawyer for the state of Texas, intentionally broke the law in covering up his Goldman and Citi loans, and (2) Cruz, literally married to a Goldman MD, is merely playing at his Tea Party role.
A better title would have been, "Hypocrite Exposed: Tea Party Darling Is Establishment Liar,"
A better title would have been, "Hypocrite Exposed: Tea Party Darling Is Establishment Liar,"
12
He's got some 'splainin' to do.
8
Ugh. That picture says it all. Wouldn't buy a used car from that couple.
13
One loan Cruz doesn't have: one from God. No person on this planet is so blatantly misappropriating the concept of God for self-aggrandizing purposes as is Ted Cruz.
Well. Maybe Abu Bakr al-Baghdadi. But Cruz is second in the perverse manipulation of religious belief.
Well. Maybe Abu Bakr al-Baghdadi. But Cruz is second in the perverse manipulation of religious belief.
11
You mean Ted Cruz lied? I'm shocked! Completely shocked!
5
Oops, demagogues do tend to have memory lapses, don't they?
8
Let's see: he's a little on the nutzy side, maniacal perhaps; he lies a lot; he yells a lot, he cost us 24 billion for shutting down the government; nobody in the Senate or anywhere else probably likes him, his own colleagues call him names, wacko bird the mildest, and now we find that he has actually broken the law. Who would have thought?
12
I am shocked, shocked that this great American man of the people and Christ is really Rafael from Calgary, Alberta, Princeton, Harvard, the Bush-Cheney campaign and administration, Citibank and Goldman Sachs and made more than a million dollars a year as a lawyer.
17
Ted Cruz is a phony. He's an elite who's pretending to be something he's really not. Harvard, Princeton, Goldman Sachs. Ah, but he's such a commoner - just like us poor people! NOT.
Please. This man is a creepy, dark hypocrite. He uses his own kids extensively in that commercial and then whines and cries about how terrible they were used. Yes. They WERE used - by their father for his own purpose. Arrgghhh. He is the worst of the worst. I would way accept Trump over Cruz. Cruz is a downright scary person and should not get anywhere near the White House.
Please. This man is a creepy, dark hypocrite. He uses his own kids extensively in that commercial and then whines and cries about how terrible they were used. Yes. They WERE used - by their father for his own purpose. Arrgghhh. He is the worst of the worst. I would way accept Trump over Cruz. Cruz is a downright scary person and should not get anywhere near the White House.
7
I read about Ted Cruz, and I send my nickles and dimes to Bernie.
9
Cruz is campaigning on his conservative values, which he claims are what this country needs. He very effectively dissects the distortions and coverups of the democrats, and often takes stands which even his party doesn't like. That is admirable, and no wonder he has a good following.
And to his following this disclosure has no meaning. So, he took out two loans, paid up one and most of the other in the same year, he didn't keep it secret, but he didn't adhere to the legal details: the info must be disclosed HERE! - being disclosed THERE isn't good enough. And that provides enough reason in the eyes of the liberal press to attack him.
To those who agree with him, this stuff won't matter.
To those who have values are opposite to his, the stuff won't matter either because they weren't going to vote for him anyway, no matter what he says or does. But this story provides a good diversion from the troubles Hillary is in.
And to his following this disclosure has no meaning. So, he took out two loans, paid up one and most of the other in the same year, he didn't keep it secret, but he didn't adhere to the legal details: the info must be disclosed HERE! - being disclosed THERE isn't good enough. And that provides enough reason in the eyes of the liberal press to attack him.
To those who agree with him, this stuff won't matter.
To those who have values are opposite to his, the stuff won't matter either because they weren't going to vote for him anyway, no matter what he says or does. But this story provides a good diversion from the troubles Hillary is in.
1
It matters because disclosing it "here" would have been a game changer against his then more well funded rival and material fact that was hidden from his particular constituency. Reporting it "there" was not just an oversight. It was illegal and deliberate. It was a calculated risk between getting caught and losing vote or winning a close election and getting into legal trouble.
Plus he is a lawyer and once the solicitor general. He has a higher ethical duty. Nobody believes a loan of that magnitude even for Cruz slipped through the cracks between he and his team of campaign fiance experts.
Plus he is a lawyer and once the solicitor general. He has a higher ethical duty. Nobody believes a loan of that magnitude even for Cruz slipped through the cracks between he and his team of campaign fiance experts.
2
@How do you know it wasn't an oversight? Afterall, it was reported elsewhere (as this article points out) but not in the correct place the bureaucracy demands. How do you know it was calculated risk? You call a million dollar loan to be paid same year "a loan of that magnititude"??? To many senators it is pocket change.
You assume the worst. Why? Is it because you won't vote for him anyway? Or because your values are the opposite of yours?
Think about it: to his supporters this article is just another drivel among the various attacks by liberal media. Whose mind do you think this article changed? To quote the liberals' darling: "What difference does it make??"
You assume the worst. Why? Is it because you won't vote for him anyway? Or because your values are the opposite of yours?
Think about it: to his supporters this article is just another drivel among the various attacks by liberal media. Whose mind do you think this article changed? To quote the liberals' darling: "What difference does it make??"
If you ever win a large sum in the lottery or at a gambling resort, try this: "inadvertently" forget to report the income on your Federal taxes and see what the IRS does.
America needs to clean up its politics and that means getting rid of all the dirty money from both camps, its not going to be a democracy in the end but a paid for dog and pony show if your not careful.
1
I don't even think this revelation will amount to much. Somehow he's another bulletproof candidate for the party.
He claims his father fled Castro's Cuba, while in truth it was BATISTA they were fleeing. His citizenship issue is barely a blip, when somehow Obama's was hounded till the very end. And now this.
To me he's like those fake preachers who lope back and forth on stage, distorting realities and fomenting fears. If the American people choose him, thats a sure sign we're headed in the wrong direction.
He claims his father fled Castro's Cuba, while in truth it was BATISTA they were fleeing. His citizenship issue is barely a blip, when somehow Obama's was hounded till the very end. And now this.
To me he's like those fake preachers who lope back and forth on stage, distorting realities and fomenting fears. If the American people choose him, thats a sure sign we're headed in the wrong direction.
19
Oils well that ends well.
1
Marjoe Gortner- I like to think Trump is more like him than Cruz but it still applies to Cruz and Rubio for that matter. "Marjoe" is a great movie to watch. The parallels with the GOP since reagans first 4 runs at POTUS are shocking. I'm surprised I didn't connect the two before today when I first connected Trump's 1970's style hucksterism to Mr Gortner's preaching.
https://en.wikipedia.org/wiki/Marjoe_Gortner
https://en.wikipedia.org/wiki/Marjoe_Gortner
You conflate Cruz with Rubio sir.
Can you imagine the Republican outcry if Hillary Clinton had done such a thing? Committees, hearings, talk shows, and talking points, just for starters. We would never hear the end of it.
12
Are you talking about the same Hillary who is presently under an expanding FBI criminal investigation?
Maybe he did not disclose because it was in Canadian dollars
8
"Senator Cruz, I have the President of Goldman Sachs on the line."
"Put him through immediately, my constituents in Texas can wait."
"Put him through immediately, my constituents in Texas can wait."
4
Cruz asserts "the people to whom I believe I am accountable are the men and women in Texas”. Yeah sure! What a shameful and shameless purveyor of crass politics!!! His state is ranked first for the number of people with no healthcare coverage at all ... fully a third of its population ... a circumstance which he has deliberately precipitated by refusing provisions of the ACA
9
Rand Pauls' wife was interviewed a couple weeks back and asked to provide a brief description of Cruz. She nailed it when she said "two faced" without hesitation. Leave it to a smart woman to spot a lying, cheating man.
7
Truly, is anyone surprised how patently dishonest and hypocritical this guy is?
6
What a phony.
6
Perception is reality, and if you're a dyed-in-the-wool, red-state Republican, there is nothing that can be said, printed or showed that will change your perception. Like the poor, people like Cruz will always be with us.
2
Apparently the dog ate his disclosure ("inadvertent" my foot!). The medieval maxim runs "Beware the [man who would be] king without virtue."
6
Forget about the real problem American's are having, lets make something out of nothing. Personally I don't like Cruz! He's a fake rat and everything about him personify it. That's why this really isn't much of a story.
1
Ted Cruz is a champion debater..
Tonight he gets to debate.
He's gonna get hammered:
Is he a native born citizen?
Is he guilty of election fraud in his Senate run-off?
Fox must be salivating for the viewing numbers.
His opponents must be salivating.
His wife must be holding her breath.
Cruz on the spot!
Will he be trumped? Or CRUZified?
Tonight he gets to debate.
He's gonna get hammered:
Is he a native born citizen?
Is he guilty of election fraud in his Senate run-off?
Fox must be salivating for the viewing numbers.
His opponents must be salivating.
His wife must be holding her breath.
Cruz on the spot!
Will he be trumped? Or CRUZified?
2
Mr Cruz is a very detail oriented person. There was no confusion or mistake here. If you want to see how hyper focused on detail he is search the term 'Ted Cruz Coaching his family for campaign ad' You will find the raw footage or B roll the Cruz Campaign has put on YT. The man doesn't miss a thing. He is after all the hype a Harvard educated lawyer.
Whatever the outcome you can bet he knew exactly what he was doing when he obscured the money by the way he reported it.
Whatever the outcome you can bet he knew exactly what he was doing when he obscured the money by the way he reported it.
6
When even the Times' conservative columnist David Brooks is disgusted by Ted Cruz, you know its bad.
The Brutalism of Ted Cruz, by David Brooks:
http://nyti.ms/1Ofngmu
The Brutalism of Ted Cruz, by David Brooks:
http://nyti.ms/1Ofngmu
5
Hear that daddy? Every time a politician takes money on the sly, an angel gets his wings!
18
All he did was take a margin loan against his brokerage account, similar to borrowing against a 401k. Any broker allows this, and borrowing against a 401k for example is not considered a loan because you are borrowing against yourself. Hence, this is a made up issue
2
Except he has repeatedly said he had liquidated all his assets. So...he had nothing to borrow against. So either he lied about using all his assets in the service of appearing to be an outsider, or he got an unsecured $1.1 million dollar loan from two banks.
Well, surprise,- Ted (holier than thou) Cruz made a big mistake, this one is going to cost him, ah, that is too bad ! The other candidates might just "carpet bomb" the air waves with their take on his perceived reborn christian morality. I can hear his fellow compatriots from the by- gone days, when he worked for the GW Bush campaign, nodding their collective heads, in complete agreement. They all knew that this self righteous hypocrite would implode on his own, why because nobody could stand him the first time around and they said so, by leaving him with nothing after the campaign and election of GW. Please wave goodby to the would be "debater and chief"!
5
He probably got that duck guy some sweet deals at Goldman as well.
6
Phony narrative of a true phony.
7
Trust Ted.
Nope.
Toast Ted.
Yep.
Nope.
Toast Ted.
Yep.
1
When you have a presidential candidate who is under an ever expanding FBI criminal investigation, I am not sure that this possible ethics lapse should be a front and center issue during this campaign.
But hey, the NYT has it's priorities!
And it is funny that the best way to find out who the democrats are most worried about in an election is to look at who the NYT is going after with it's investigative reports.
But hey, the NYT has it's priorities!
And it is funny that the best way to find out who the democrats are most worried about in an election is to look at who the NYT is going after with it's investigative reports.
3
Why the surprise. Republicans believe in small government, and rules don't apply to them. Laws are only enforced if you are an immigrant, minority or Muslims. "Real" American Republicans don't need to be concerned about "Gummint Red Tape"
6
Ask yourself, is the political you gave the $50 donation to working for you, or the bank that gave him $500,000 at 3%?
7
Never forget that the biggest lie in human history is the claim that nature has a human personality. People who make this claim lie about everything.
3
Turns out that Ted Cruz is just another smooth-talking, mean-spirited, war-loving, snarky, lying republican politician. He fooled a lot of people for a very long time.
4
Why am I not surprised. This guy is a charlatan and a dangerous one at that.
7
So Ted and the wife empty the till to finance his election, and on top of that, take on a million dollars in debt ... And has it nearly all paid off in three years ... On a senator's salary? With the wife supposedly keeping an arms length relationship from Wall Street employers? And the two of them hardly shackled to a life of penury?
Ted: you have some 'splaining to do. Your story isn't adding up. What sort of debt do you owe exactly? Is that where current campaign funds are being laundered?
But then again, lucky you. Your constituency has been prone to giving a free pass to lying and cheating. Extending kindness to a fraud seeking the presidency is over the top fraudulence. What sort of company do you keep?
Ted: you have some 'splaining to do. Your story isn't adding up. What sort of debt do you owe exactly? Is that where current campaign funds are being laundered?
But then again, lucky you. Your constituency has been prone to giving a free pass to lying and cheating. Extending kindness to a fraud seeking the presidency is over the top fraudulence. What sort of company do you keep?
7
A non-issue. Facts, honesty and character don't matter in American democracy. People believe what they want to believe, and facts be damned.
3
Maybe Ted Cruz could adopt some of those "New York values" such as complying with the law.
6
Wonder if he took his duck hunting gun and wore his folksy western shirt to Goldman Sachs when he went there to get his loan?
I think the whole thing is really, really, really farcical anyway. Since when does Goldman have branch offices in Canada?
I think the whole thing is really, really, really farcical anyway. Since when does Goldman have branch offices in Canada?
7
Hey, Cruz is just trying to prove he is the equal of the Clintons. After all, how many donors and contributions to the Clinton Global Initiative and related organizations were not reported as required by law? How many emails were forgotten to be provided as required by law? All inadvertent, merely technical, violations of law.
Who would've guessed that the bacon Cruz fried on the end of his assault rifle was such high priced pork?
5
I'm sure with his close ties to Goldman Sachs - getting a sweetheart of a loan, while also married to one of their minions- he'll be a great advocate for the middle class, should he get the GOP nomination.
Right.
Right.
6
That sound you just heard was Donald Trump winning the GOP nomination. My guess is that people who would vote for either of these guys are largely indifferent as to which one of them wins. (Who could possibly care, really?) But no one likes to be made a fool of, especially when it's easy enough to switch your support to the other crazy guy.
4
Cruz is calm, cool, and calculating. He knew what the optics of that loan would be, and he chose not to report it.
8
Per the Washington Post, Cruz isn't even eligible to run for president. The law says only a "natural born US citizen" can be president, i.e. has to be born on US soil. Cruz was born in Canada therefore did not satisfy that criteria. Why is he still allowed to run? Do laws matter anymore in the US?
6
His mother is American. End of story.
This is great news for Bernie Saunders, as it illustrates his point perfectly that Wall Street and their influence have systemically wormed their way into every echelon of power . . . case in point: Ted Cruz's senate seat, now potentially his presidency. Maybe Ted should think about moving back to Canada.
6
They always seem to come in poor but after a year or two are loaded. Where did he het the money to repay the loans if he didn't liquidate any assets?
Politicians, if they walk like a duck and quack like a duck, they are probably a duck. Cruz is just another manipulative hack who preys on the religious beliefs of his followers. Wake up!
Politicians, if they walk like a duck and quack like a duck, they are probably a duck. Cruz is just another manipulative hack who preys on the religious beliefs of his followers. Wake up!
8
There are two Americas in the Cruz universe. Him and his wife and the rest of us. Calling this disclosure "inadvertent" ranks up there with the biggest lies in U.S. politics.
7
This warrants a congressional investigation into Ted Cruz's campaign. He is caught red handed in the cookie jar and now we need to ensure that he dissolves like the wicked witch of the west.
3
I find his policies and contempt for his fellow human beings to be much more worrisome than his failure to disclose the loan.
5
Let's put this in perspective: When unemployment was at it's height, people were being thrown out of their homes, their credit cards yanked and credit history tanked, cars repossessed, could any one of us go anywhere for an infusion of cash?
Nope! And GS, and the rest of Wall Street has been picking the bones of those they destroyed ever since.
So is it fair for Cruz to say oops! to fibbing that he gave up everything to run for a position that did nothing but increase his net worth by as a politician who has his boot on the necks of those ruined by GS's part in causing the Recession.
Nope!
You lose, Cruz. What goes around comes around.
Nope! And GS, and the rest of Wall Street has been picking the bones of those they destroyed ever since.
So is it fair for Cruz to say oops! to fibbing that he gave up everything to run for a position that did nothing but increase his net worth by as a politician who has his boot on the necks of those ruined by GS's part in causing the Recession.
Nope!
You lose, Cruz. What goes around comes around.
4
Heh, go figure.
Canadians always struck me as honest folks.
I guess being conservative means dishonesty even in The Great White North
Canadians always struck me as honest folks.
I guess being conservative means dishonesty even in The Great White North
6
Do we voters, We The People, not have a right to candidates who meet the PLAIN SENSE of "native born" people running for president?
"Native" born. "Born on American soil."
Is this too much to ask?
I myself gave birth to a son in Canada. In the same timeframe as Cruz was born. I too was married to a foreign national. Still am. I quickly learned the law at that time. The child of an American woman, born abroad, whose father was not a US citizen could claim US citizenship ONLY if two conditions were fulfilled: (1) residence in the US; (2) for 14 of the first 18 years.
Now here's the problem for Cruz. He did not enter the US till he was already 4 years of age. That leaves less than 14 years as a US resident!
Also he never gave up his Canadian citizenship until a year before he declared himself a candidate.
Now, I know current law recognizes the citizenship of a baby born abroad if either parent is a US citizen. Though, even then, does that qualify as "native born" under the Constitution?
I hope the Times digs into this. When did the law change? Does his foreign birth from only an American mother (I had a passport at that time; did she?) actually qualify, even given the law at the time he was born?
In any case, I think we citizens have a Constitutional Right to a native born president - in the plain sense of the wording. I want that right upheld! Do you?
"Native" born. "Born on American soil."
Is this too much to ask?
I myself gave birth to a son in Canada. In the same timeframe as Cruz was born. I too was married to a foreign national. Still am. I quickly learned the law at that time. The child of an American woman, born abroad, whose father was not a US citizen could claim US citizenship ONLY if two conditions were fulfilled: (1) residence in the US; (2) for 14 of the first 18 years.
Now here's the problem for Cruz. He did not enter the US till he was already 4 years of age. That leaves less than 14 years as a US resident!
Also he never gave up his Canadian citizenship until a year before he declared himself a candidate.
Now, I know current law recognizes the citizenship of a baby born abroad if either parent is a US citizen. Though, even then, does that qualify as "native born" under the Constitution?
I hope the Times digs into this. When did the law change? Does his foreign birth from only an American mother (I had a passport at that time; did she?) actually qualify, even given the law at the time he was born?
In any case, I think we citizens have a Constitutional Right to a native born president - in the plain sense of the wording. I want that right upheld! Do you?
10
Another example of how corrupt the pols who always claim to be the darling of the far right evangelicals usually turn out to be the biggest liars, cheats and hypocrites. It would be funny if it were not so pathetic that the evangelicals are so able to be manipulated by politicians.
Will these people never learn just how they are controlled and manipulated at every turn? The only thing a tea party politician has to do is say a few catch phrases or bible quotes and they're in....
Cruz et al have so little regard for their religious base- they think they can lie about anything and their base will fall for anything. Cruz must have been laughing at them after every phony campaign stop when he espoused his religious credentials. I am sure Trump will be tweeting this all over the place. Gift for Trump and Rubio....
Will these people never learn just how they are controlled and manipulated at every turn? The only thing a tea party politician has to do is say a few catch phrases or bible quotes and they're in....
Cruz et al have so little regard for their religious base- they think they can lie about anything and their base will fall for anything. Cruz must have been laughing at them after every phony campaign stop when he espoused his religious credentials. I am sure Trump will be tweeting this all over the place. Gift for Trump and Rubio....
5
All the major political candidates take money from Goldman Sachs.
The more troubling question is - "why are they allowed to do this?"
The more troubling question is - "why are they allowed to do this?"
5
Why do people immediately dislike Cruz? It saves time.
Little Teddy will soon be getting some of his own medicine. I love it.
Little Teddy will soon be getting some of his own medicine. I love it.
4
Cruz is so outside our comprehension, that only if you understand Canadian anti-colonial behavior, can you begin to piece together what he says and his actions? That is the most accurate, predictive model for his behavior.
3
The anti-establishment guy, Raphael Edward Cruz, is a Goldman Sachs flunky. That's nice to know.
7
Hey, it's easy to overlook half a million dollars...
1
It out-Rubios Rubio.
4
Another one bites the dust…
3
"The failure to report the Goldman Sachs loan, for as much as $500,000, was “inadvertent,” she said, adding that the campaign would file corrected reports as necessary. Ms. Frazier said there had been no attempt to hide anything."
_____________________________
Really? If anyone buys this nonsense I have a bridge in NYC for sale. I honestly believe Ted Cruz is a dangerous psychopath. And I want to see this clowns birth certificate.
_____________________________
Really? If anyone buys this nonsense I have a bridge in NYC for sale. I honestly believe Ted Cruz is a dangerous psychopath. And I want to see this clowns birth certificate.
9
"...worth $1.3 million to $3.4 million... worth $82,000 to $355,000,...at most, $155,000...with $250,000 to $500,000...as much as $435,000...as much as $400,000 ...valued at $250,000 to $500,000.
These numbers tell a story about how money in politics makes it impossible for anyone other than the wealthy to compete.
These numbers tell a story about how money in politics makes it impossible for anyone other than the wealthy to compete.
2
As a "million dollar a year" lawyer, Ted should know the disclosure rules. Good for the NYT for sniffing this one out. Next should be Marco's relationship in his his brother-in-law (Orlando Tabraue) drug distribution business, and whether it went any farther than washing Orlando's dogs weekly for pay, as claimed in Marco's biography.
3
Ted Cruz, Princeton undergrad and Harvard Law, likes to pretend he is a maverick outsider, but he is clearly plugged in to the Eastern Elite power brokers he like to make fun of. He criticized Trump yesterday for having Eastern Elite Harvard Law School Advisers and I have yet to see a journalist call him out for BEING an eastern elite Harvard trained lawyer.
5
I am afraid you will find that more dark money has been infused into his campaign.
2
Oh Ted, oh Ted, you may not be a terrorist in the common usage of the word, but you terrorize me.
5
Seems to me that a huge risk in this loan business is that it reminds everyone that Cruz isn't some ordinary schlub but a million-dollar-a-year lawyer married to a managing director (on leave) at Goldman Sachs. Sort of goes against the populist, flannel-shirt image he cultivates. Not to mention the blow to the holier-than-thou righteous Christian facade he parades around. Just another one-percenter faking it. Maybe W can invite him to clear some brush on the ranch.
30
Meanwhile, Mr. Law and Order, fought tooth and nail to keep a man in prison for 16 years for shoplifting a calculator from a Walmart. Even took it to the Supreme Court when it looked like the man might get out after ONLY 6 years. But now it's all just fine and dandy to have lied about half a million. Ah, yes, just a regular guy is our Mr. Cruz. And a real peach at that.
46
This is the same man that wants to shut down the EXIM Bank that has helped create more than $17 billion in U.S. exports and an estimated 109,000 U.S. jobs in the last year - because he says it is cronyism and corporate welfare. The EXIM Bank doesn't cost the government or taxpayers a single penny. Mrs. Cruz works for Goldman Sachs. And he is against cronyism? What a hypocrite.
225
Ted Cruz and his family's close ties go against the grassroots Tea Party fiction about himself that he has parlayed for several years. Cruz is the quintessential cynical politician, selling a completely fraudulent bill of goods to his supporters.
7
Ted Cruz is not an American. He has stated so himself. Hes a Canadian National. There is no way he should even be running.
3
Hey Teddy. Lets just bomb all these liars until the sand glows..
2
I tend to give the Senator the benefit of the doubt on this, particularly because it just happens to be the NY Times that is promoting the irregularity. It is critical that we change course and return to Constitutional principles, which is what the Senator intends to do. He is a principled man, which is exactly what we need as an antidote to the extralegal Obama administration.
3
May one suggest looking up the word "principled?" I do not think that word means what you think it means.
Guy broke the law and lied about it, dude.
Guy broke the law and lied about it, dude.
2
If you lived in Texas you would see that his only principal is self promotion. He has done next to nothing for his Texas constituents.
Plain and simple: failure to disclose on Ted Cruz's part. Busted.
1
"Ooops."
GaryT
What a surprise, a bible toting Evangelist actually acting immorally if not criminally. A Tea Party favorite in bed with the Wall Street bankers, and then lying about it. I just can't believe it.
The sanctimonious hypocrite!!!!!
What a surprise, a bible toting Evangelist actually acting immorally if not criminally. A Tea Party favorite in bed with the Wall Street bankers, and then lying about it. I just can't believe it.
The sanctimonious hypocrite!!!!!
6
Bil deal! So he kept quiet about a big, low interest loan he got from an investment bank for which his wife has served as a managing director. Who could possibly believe that this bank might someday want a political return on their outright purchase of this politician. Both the bank and Mr. Cruz are driven only by pure honesty and fair dealing- right?
5
Ms. Frazier, a spokeswoman for Mr. Cruz's presidential campaign, said that not reporting the 500K Loan from the employer of Heidi Cruz, Goldman Sachs, was 'inadvertent', while he was running on a platform against big, baaad, banks?
Now that is as bogus as Mr. Rubio 'inadvertently' confusing his Republican Party's credit card with his personal one, and using the party card for expensive private purchases.
But hey, they are both oh-so-pious Christians, having a direct line to the Almighty, and all seems to be forgiven in advance, ain't it?
Now that is as bogus as Mr. Rubio 'inadvertently' confusing his Republican Party's credit card with his personal one, and using the party card for expensive private purchases.
But hey, they are both oh-so-pious Christians, having a direct line to the Almighty, and all seems to be forgiven in advance, ain't it?
5
Oh the irony. Cruz supposedly opposes Wall St. and the big banks, yet his wife is an executive at Goldman Sachs and he's perfectly willing to fund his political campaign with money from them.
Also, I dislike how the Times has downplayed the Cruz's lavish income by saying they have 'big bills' for full time child care and a mortgage. Guess what, so do millions of other people -only we don't earn six figures at Goldman Sachs or seven figures from our buddies' law firm.
Unfortunately in America today you just can't win a political campaign without big money. It is a sad state of affairs.
Also, I dislike how the Times has downplayed the Cruz's lavish income by saying they have 'big bills' for full time child care and a mortgage. Guess what, so do millions of other people -only we don't earn six figures at Goldman Sachs or seven figures from our buddies' law firm.
Unfortunately in America today you just can't win a political campaign without big money. It is a sad state of affairs.
4
Don't you just love that, "both loans had floating interest rates around 3%....which appear to be generally in line with rates available to wealthy borrowers."
1
And as far as Hillary goes? Exposing national security secrets and setting up a money laundering system and calling it philanthropic is of no concern to The NY Times?
But Cruz borrowed some money? Oh My God... Throw away the key
You people sicken me with your partisanship.
But Cruz borrowed some money? Oh My God... Throw away the key
You people sicken me with your partisanship.
1
Hey, did you know that Rick Scott used $50 mil out of the $300 mil he got as a golden parachute after he got bounced as CEO for committing the biggest Medicare fraud in history to buy the governorship?
Lecture some more on partisanship, willya? It's hilarious.
Lecture some more on partisanship, willya? It's hilarious.
I'm shocked, shocked to find that Goldman Sachs would be involved in a questionable financial transaction......
2
Does he get to say, "I am not a crook!" now?
3
If only there was jail time associated with such "inadvertent" activity.
3
His supporters will try to spin it but he is a hypocrit in his populist tea party crusade against Wall Street when he is literally in bed with them and hiding it - but serving their paymaster while feeding believers redmeat rhetoric is what they do - have at him trump, call that liar out
2
Kudos to Mike McIntire and the NYT for doing some real investigative reporting; something that is rare in the "newspaper" business. This cretin needs to be exposed fully for what he is: another pandering shameless sham of a man.
I cannot wait to see him squirm when poked and prodded by the Donald tonight!
I cannot wait to see him squirm when poked and prodded by the Donald tonight!
3
Well, let's see, I can think of a few reasons why it wasn't disclosed...
1. He wanted to hide his moneyed ties to the greedy super rich people who really truly run this country
2. He plum forgot about half a million dollars which doesn't bode well for his fiscal conservatism shtick
or...
3. He's actually just an idiot who doesn't know what's going on or who's giving him money or even who he really is (Uhmurican or evil Canadian?)
None of these are good reasons why, but I'm guessing at least one of them is perfectly valid as the real reason this is just coming to light now...
Don't worry, Ted. I'm sure your Goldman-Sachs wife makes enough money to take care of you, once your presidential bid stalls out.
1. He wanted to hide his moneyed ties to the greedy super rich people who really truly run this country
2. He plum forgot about half a million dollars which doesn't bode well for his fiscal conservatism shtick
or...
3. He's actually just an idiot who doesn't know what's going on or who's giving him money or even who he really is (Uhmurican or evil Canadian?)
None of these are good reasons why, but I'm guessing at least one of them is perfectly valid as the real reason this is just coming to light now...
Don't worry, Ted. I'm sure your Goldman-Sachs wife makes enough money to take care of you, once your presidential bid stalls out.
1
So if he wins, the First Lady will be a Goldman Sachs executive. It'll be a great 4 or 8 years for Wall Street and the banks.
180
I'm beginning to think we should have saved Lehman Brothers and let Goldman fail.
Uh! more like oil that the banks speculate in.
Ted Cruz is a poser. A tamer version of Glen Beck on the outside but the same craziness as Glen in his thoughts.
Let's face it, the only honest politician running for President is Bernie Sanders.
Let's face it, the only honest politician running for President is Bernie Sanders.
5
Being a criminal only applies to black people not rich white folks running for office. White folks matter remember especially rich ones.
4
Come on. He didn't disclose this because it didn't fit his campaign image as the self-financed "we liquidated everything we had" aw shucks "outsider". Just as Raul Edward Cruz was "surprised" to learn he was a Canadian citizen in 2014. The Harvard/Princeton/Goldman Sachs outsider is a consummate insider and a fake.
5
Ted Cruz is Netanyahu's candidate for (puppet) President of the USA.
Netanyahu quote: “After serious consideration and looking over a very deep and qualified field of potential candidates, I have decided to give my support, my personal endorsement if you will, to Senator Ted Cruz. Ted has been a stalwart supporter of Israel and our people."
And AIPAC has arranged funding thru Goldman Sachs.
So, Americans, ask yourselves, "who owns America".
Netanyahu quote: “After serious consideration and looking over a very deep and qualified field of potential candidates, I have decided to give my support, my personal endorsement if you will, to Senator Ted Cruz. Ted has been a stalwart supporter of Israel and our people."
And AIPAC has arranged funding thru Goldman Sachs.
So, Americans, ask yourselves, "who owns America".
4
Interesting how many comments reference the fact that other candidates also got loans from Goldmine and Citicorp but the other candidates have not lied about it because they were holding themselves out as anti wall street crusaders. Not only is there deception but it was made all the more egregious by the lame excuse of "inadvertence" and the intent to deceive the American public, the real reason for the lie.
2
Ted Cruz is Israel's candidate for president of the United States of America.
3
Too bad good folks - The Jerk's out of the bottle! A lot of crazies, ie. GOP "base" voters see Ted Cruz as the second coming. He can do no wrong and that complicated financial stuff is ill-understood; in the distant past. Whoops!
1
I'm not surprised, and this didn't illicit any of those "What a scoundrel" or "I knew he was a horrible person" angry thoughts.
I'm guessing that the majority of politicians have done something similar to this, so I don't know that this is a "gotcha" story. I'm not voting for Cruz, and I hate his politics, but I'm giving him a pass here. Maybe that's the problem with current politics and the mindset of voters - we expect these things to happen, and in the end, we don't really care.
I'm guessing that the majority of politicians have done something similar to this, so I don't know that this is a "gotcha" story. I'm not voting for Cruz, and I hate his politics, but I'm giving him a pass here. Maybe that's the problem with current politics and the mindset of voters - we expect these things to happen, and in the end, we don't really care.
My, my, Ted Crud won an election by lying about the source of the money he spent in his campaign about "honesty" in politics?
When asked about it most likely his answer will be ooops, forgot to tell the illiterate rednecks about the money. No matter the intellectually defective rednecks will vote for me anyhow (they are from Texas, you know).
When asked about it most likely his answer will be ooops, forgot to tell the illiterate rednecks about the money. No matter the intellectually defective rednecks will vote for me anyhow (they are from Texas, you know).
I find the headline to be misleading. It is a margin loan which anyone with a brokerage account at any brokerage firm can get. The headline infers potential special treatment. There was nothing special about it being from Goldman. A more accurate headline would read "Cruz didn't disclose margin loan in Senate Bid".
17
What is misleading---meaning fraudulent---is Cruz portraying himself as independent from corporate interests and so committed to his cause that he and his wife liquidate their resources to continue his campaign.
You are correct: there was nothing special about him taking out a loan.
What was dishonest was his failure to disclose said loan, a loan made by the very corporate interests of which he has stated he is above.
The man is a habitual liar.
You are correct: there was nothing special about him taking out a loan.
What was dishonest was his failure to disclose said loan, a loan made by the very corporate interests of which he has stated he is above.
The man is a habitual liar.
1
You mean I can go get a margin loan for my entire net worth? Another collapse is closer than I thought. But I agree about the headline.
1
Headline: Ted Cruz Didn’t Report Goldman Sachs Loan in a Senate Race
For an individual with a impeccable memory, the I forgot excuse won't hold water.
2
I assume this campaign financial disclosure stuff is another example of overweening Washington regulation, and after Emperor Cruz is elected it will disappear.
2
Appearances matter. This one looks bad, and stinks.
5
Looking forward to the NY Times investigating how Hillary Clinton financed her NY Senate campaign in 2001. She was, after all, "flat broke" ... at least until she and Bill perfected the art of influence peddling.
2
Rafael Cruz forgets his first name, forgets the existence of his birth certificate, and forgets to report his loan from Goldman Sachs. Anything inconvenient to his ambition is just forgotten. I think the this country deserves a president that does not suffer from selective amnesia.
6
Hey, New York Times! I dislike Cruz as much as you do. - But this is a *non*-story! What the heck is it doing on your front page? Above the fold, no less? You are just giving support to those who label you a liberal propaganda machine. Stop it!
1
It shows his connection to Wall street. The connection that he denies.
So... Cruz borrows money, fully secured by all of his and his wife's savings, reducing their net worth by $960,000, and, in _your_ words:
"Both loans had floating interest rates...which appear to be generally in line with rates available to wealthy borrowers at that time."...
OK, I agree - give him hell for failure to properly paper the personal loans - for which he was qualified - which he then used to fund his _2012_ campaign. Send this to Hollywood and see if they make a movie...
When you spend as much time and effort on the sludge, smarm and political sewage that is the Clinton Foundation, and its nexus to international human trafficking, drugs and multinational influence in Washington or Donald Trump and his decades if admitted buying of politicians and financial improprieties, I will be impressed.
Right now you are just picking low-hanging fruit.
"Both loans had floating interest rates...which appear to be generally in line with rates available to wealthy borrowers at that time."...
OK, I agree - give him hell for failure to properly paper the personal loans - for which he was qualified - which he then used to fund his _2012_ campaign. Send this to Hollywood and see if they make a movie...
When you spend as much time and effort on the sludge, smarm and political sewage that is the Clinton Foundation, and its nexus to international human trafficking, drugs and multinational influence in Washington or Donald Trump and his decades if admitted buying of politicians and financial improprieties, I will be impressed.
Right now you are just picking low-hanging fruit.
1
What struck me about this was that Cruz was able to get loans of $250,000 to $500,000 — in essence emergency funds crucial to his political survival at the time — at 3% interest. The interest on emergency, or payday, loans that many working poor must resort to just to survive week to week, can be in the neighborhood of 500%.
9
The "creep" factor is so high on Cruz that it is hard to even look at him, let alone listen to him.
8
My favorite 3 Things against Ted Cruz:
1. Deception galore: the 'folk hero' hat uses his ties to GS (and attacks Wall Street).
2. Not a natural citizen of the USA.
3. The ever shifting story of the older Cruz, Ted's father who didn't know that Castro was Communist - but certainly joined the movement before he took refuge in the US.
What a prospect to have, possibly, in the White House.
1. Deception galore: the 'folk hero' hat uses his ties to GS (and attacks Wall Street).
2. Not a natural citizen of the USA.
3. The ever shifting story of the older Cruz, Ted's father who didn't know that Castro was Communist - but certainly joined the movement before he took refuge in the US.
What a prospect to have, possibly, in the White House.
3
Talk about sweetheart deals from Wall Street, this guy is a fraud. If not legally, certainly personally. He campaigned on this whole idea of the people funding his campaign. While, all the while it was Wall Street.
There weren't enough people supporting him to finance his campaign? Of course not. He's a blow hard; and a fraud. It could tell that by watch a few minutes of his fake filibuster over Obamacare. Oh yeah, and his fake outrage that sent federal government workers on a $24 billion vacation that accomplished nothing.
There weren't enough people supporting him to finance his campaign? Of course not. He's a blow hard; and a fraud. It could tell that by watch a few minutes of his fake filibuster over Obamacare. Oh yeah, and his fake outrage that sent federal government workers on a $24 billion vacation that accomplished nothing.
4
OK, we don't need to talk to or about Ted Cruz again regarding these matters. We need to level the pointed finger of "where to you stand?" now to his supporters.
To his supporters: Is it OK that you have been duped and used by a man who has sold himself to you as just the opposite? What do you think this means for all his efforts in the Senate and potentially as President - That he is going to work hard for your interests or is he really just in it for himself and his Wall Street friends and relatives? Cause where I stand based on lots of studying of this man's record and rhetoric he is in it for himself and you are much less than an afterthought. But boy, he sure do talk what he fails to walk.
To his supporters: Is it OK that you have been duped and used by a man who has sold himself to you as just the opposite? What do you think this means for all his efforts in the Senate and potentially as President - That he is going to work hard for your interests or is he really just in it for himself and his Wall Street friends and relatives? Cause where I stand based on lots of studying of this man's record and rhetoric he is in it for himself and you are much less than an afterthought. But boy, he sure do talk what he fails to walk.
2
So his financial disclosures were on Cruz control--no one was checking--even though his wife is a finance person and Cruz a control freak? Next he'll be telling us he doesn't believe in global warming...Oh wait...
What a lie, the story of cashing in, etc. But now he is part of the Republican Elite he bashes - ties to Wall Street in more ways than one, liar, etc. His numbers will soar.
"One who deceives will always find those who allow themselves to be deceived..." And "It is NOT only what we do, but what we do not do for which we are accountable..."
If the law says that if one gets a loan for the purpose of funding a campaign, one has to show the original source of the loan, the terms of the loan and one "has" to provide a copy of the loan document to the Federal Election Commission, why not even mention, when Mrs. Cruz was the manager director at "Goldman Sachs...
Looks like we just got hold of the wrong half of the truth!
If the law says that if one gets a loan for the purpose of funding a campaign, one has to show the original source of the loan, the terms of the loan and one "has" to provide a copy of the loan document to the Federal Election Commission, why not even mention, when Mrs. Cruz was the manager director at "Goldman Sachs...
Looks like we just got hold of the wrong half of the truth!
This is a total fabrication!! This loan "Was" reported and paid back!! Get the facts correct!!
No story. Move on to Hillary and the Clinton Foundation and the BILLIONS those two (+Chelsea) have managed to launder though.....
A front page story in the NYT? Everybody new about this loan. This is nothing more than another desperate attack by the Clintons' supporting NYT editorialists.
Is Oil a common denominator here ( a pun )?
A wife with an investment bank in Houston.
Another Texas politician.
We never learn. Hold onto your wallets at the gas station later.
A wife with an investment bank in Houston.
Another Texas politician.
We never learn. Hold onto your wallets at the gas station later.
1
Ted Cruz is bought and paid for by AIPAC. Goldman Sachs is the sales agent.
6
Might be an effective labor-saving device were the Times to change to listing the occasions upon which Senator Cruz did NOT lie. The paper wouldn't have to put many reporters on that assignment.
3
Why don't the Republicans nominate Steve Martin for President and we can all laugh when he says "I fogot". Seriously, that "Proven Conservative" banner in back of Cruz is pure unadulterated nonsense. Just wait should he, God forbid, be elected President. After the lawsuits commence about his birthplace and his mother's lack of or questionable citizenship, the press can start on Goldman Sachs or "I upped my income, up yours".
Cruz is the latest "phony of the hour" in what was the "Grand Old Party". I do not know who is worse; Cruz or the fools who support him. "Praise the Lord."
Cruz is the latest "phony of the hour" in what was the "Grand Old Party". I do not know who is worse; Cruz or the fools who support him. "Praise the Lord."
4
When I borrow money, the moment I deposit it into my account I count it mine. This is ridiculously trivial.
I think we can all agree this was just a dishonest mistake.
296
Genius.
Thank you Eric, we all needed a little humor as the "Cruzer" isn't very funny.
Hey, it's tough to be a faux populist with elitist roots. We are talking about a man who insisted that his law school study group only accept members who went to what he termed "top Ivy League schools", one of which happened to be the one he attended as an undergraduate. I have family and friends who went to the same institutions and other than the friendships they've maintained since those days, they would no more us their educations as a reason to puff up their egos than ... vote for the most disingenuous candidate among many, Ted Cruz.
3
The issue is not that the Cruz's took out a loan, but that they failed to report it which is a very clear violation of the law. To say that this failure was inadvertent seems very weak as if to say "Oops, we forgot because it was such a minor amount and our advisor failed to inform us and we forgot all about and so should you." Really?
1
It is actually worse. They did report it but by an obscure method to make sure that if it was noticed it would be years down the line as it has been.
"...a smarmy sense of self-righteousness and purity..." indeed!
Gee, honey, let's put in our million, and get me a seat among the 535 who are guaranteed a 30 year job with pension and health benefits. Oh, and maybe my buds at Goldman might help out some.
Demonstrated lack of honesty is grounds for disqualification. Off with his head!
Gee, honey, let's put in our million, and get me a seat among the 535 who are guaranteed a 30 year job with pension and health benefits. Oh, and maybe my buds at Goldman might help out some.
Demonstrated lack of honesty is grounds for disqualification. Off with his head!
1
"I don't always forget to mention $1mil loans I receive,
but when I do I'm running for the Senate."
but when I do I'm running for the Senate."
2
So what.
I have never met anyone who isn't a crook.
Have you?
Have you?
There wouldn't be any quid pro quo in that loan, would there?
Did he pay it back with speaking fees, from wall street entities ?
If and how did it get paid back?
Who else is running for president that has strong ties and funding from wall street?
Is non disclosure an indictable offense? Would you and I be in irons at this point?
Go Bernie.
Did he pay it back with speaking fees, from wall street entities ?
If and how did it get paid back?
Who else is running for president that has strong ties and funding from wall street?
Is non disclosure an indictable offense? Would you and I be in irons at this point?
Go Bernie.
2
Isn't he the one posing as the most Christian and in turn leading in the Evangelical vote? I'm just trying to remember where in the Gospels Jesus got a huge loan from the money lenders. Oh. Right. He didn't.
5
Yep. Jesus had kind of an antagonistic relationship with the money lenders. Kind of like, yep, Bernie Sanders.
1
Blessed are the poor! I am trying not to tar and feather all Evangelicals; but they seem to have a very strange habit of cherry picking things Jesus said which is an affirmation of their ideology; but ignore that which Jesus stood for and preached against such as ...That which you do for the LEAST of my brothers; that you do on to ME! Talk about cherry picking hypocrisy!! Anyway Angry Girl...you nailed it.
1
Not proven at even being 'natural born'. A proven charlatan, or maybe David Brooks describes him best.
1
Prissy, as Brooks called him.
The NYT, through excellent reporting, has handed Donald Trump and Marco Rubio (not to mention Hillary Clinton and Bernie Sanders) a belated holiday present. Grist for the mill and grind they will.
Meanwhile, back at the manse, Ted Cruz is practicing sincerity in front of the mirror. Of course he is sorry - sorry he got caught.
Meanwhile, back at the manse, Ted Cruz is practicing sincerity in front of the mirror. Of course he is sorry - sorry he got caught.
1
Ted had reported it on another form and it will probably not matter. I watch the FBI expanding their investigation into Hillary's foundation with more interest.
Its the crime of the century! Cruz took out a couple of loans to help finance his campaign which have been PUBLICLY disclosed. This is a sleazeball story to try to discredit Cruz. If this is the best that the liberals and/or Rhino Republicans can come up with, they need to hire new hit squads.
Help. Another arrow in the Trump quiver.
3
He is not even close to being qualified to lead our nation.
4
The anchor-baby wannabe will not be our Commander in chief.
Prime Minister of Canada maybe. Cruz will sink like a stone when they find out he's a NY Banker stooge. He has New York money all threw his veins so he has New York values that he accuses Trump. What a three faced phony.
Prime Minister of Canada maybe. Cruz will sink like a stone when they find out he's a NY Banker stooge. He has New York money all threw his veins so he has New York values that he accuses Trump. What a three faced phony.
3
Another smarmy, slippery, manipulative pol, lacking any morals save his most important - what does it take to win?
5
And he was the solicitor general for Texas???? This man clearly thinks he's above the law, and that complete disclosure of something so serious was not going to see the light of day. Shame on him and his wife for such dishonesty. They definitely should know better.
2
Once one claims to know what God thinks, all other forms of dishonesty pale by comparison. God is the most popular skyhook used to jump the shark of the law in the US.
3
"When Fascism comes to America, it will be wrapped in the flag and carrying a cross." -- Sinclair Lewis
David Brooks recently wrote about Cruz fighting a clerical error for a guy in Texas who should have served 2 years but was sentenced to 16 years by mistake. I think his "inadvertent" excuse can be viewed as similar to a clerical error and should be prosecuted in the same way. No excuses. No compassion.
3
He secretly went to the temple and borrowed from the money lenders there. No he is not that fictional character in the big book. But he must be beholden to those in the temple and not to the laws of the land.
1
Ted Cruz.....is another so called Republican whom no one can trust...!!!!
and
Ted Cruz....would not be bipartisan...didn't show up with his peers at
the State of the Union Address.
Ted...Just another untrustworthy candidate...and that is what the Media
should do some REAL....investigative reporting on...not SPIN ...Editors
but REPORTING...for a CHANGE..!!!!
and
Ted Cruz....would not be bipartisan...didn't show up with his peers at
the State of the Union Address.
Ted...Just another untrustworthy candidate...and that is what the Media
should do some REAL....investigative reporting on...not SPIN ...Editors
but REPORTING...for a CHANGE..!!!!
2
Yeah, but the loan wasn't 'money', it was in "Green Eggs and Ham".
All the candidates continue to be caught out if not in outright lies certainly deception and white lies. Some worse than others. Hillary Clinton outright lied during her first run about a trip to the Balkans. Shameful that these are the people we have to choose from
Remember when he got so mad about having it pointed out he was using his kids like organ grinder monkeys and he claimed it was an attack on his kids? https://www.youtube.com/watch?v=x1ssU9K26ig
I am hoist on my own petard. I complained it was not posted. I did not see that it was.
Too bad, it just makes it more likely that Marco Rubio will be nominated. He'll beat Hillary handily and have a minimum 4 year window to install Supreme Court Justices who will make sure little kerfluffles like this don't constitute a stumbling block on the road to the presidency.
Ready for the presidency.
inadvertent and i cant remember
2 phrases every lawyer will tell you to use every time youre caught stealing stuff
2 phrases every lawyer will tell you to use every time youre caught stealing stuff
1
Ted Cruz reminds us of Spiro Agnew who was caught cheating on his Income Tax. Nonchalantly, Canadian born Cruz says, "I may 'amend' my 'finance reports'!"
2
This is such a non-story. The loans were disclosed in filings available to the public. They were not gifts from GS or Citi. If he did not repay the margin loan, his securities would be sold to repay it. If the NYT wants to attack him for his positions, that's wholly fair, but to seize on this as a big deal is almost as bad as the things Trump does.
Unfortunately, you're right Its a non-story that has been heard many times before BUT this is a guy who ran vehemently against Corps like G-S & had the loan had been made public may have turned the tide against this self-named truth-teller. In the end he is just another Tea Party bloviating politician.
1
“These transactions have been reported in one way or another on his many public financial disclosures and the Senate campaign’s F.E.C. filings,” she said."
Isn't that a Blondie song as well as an old policeman's adage?
Isn't that a Blondie song as well as an old policeman's adage?
1
No need for parlous prose. No need for grand "excusatory" rhetoric. Just another politician in the "Do what I say, not what I do" category.
It doesn't matter what Cruz did or didn't do. He is ineligible to serve as President or Vice President because he wasn't born in the U.S. It's that simple, Thank God.
90
Why I'm glad?
O yeah! One crook less in the presidential candidacies.
O yeah! One crook less in the presidential candidacies.
He was a U.S. citizen at birth - the Constitution says "natural born citizen". Or is this now the 2016 version of the birthers?
Do some research about that. He is as eligible as any other citizen.
To all those people commenting that now let's look at Clinton's finances - their finances have been looked at multiple times...ad nauseam. By Congress and various groups that regularly spring up investigating the Democrats while not revealing where they get their funding from.
So lets not distract from the issue in question. First why didn't Cruz a legal eagle not follow the law? And second, how was the money paid back on a Senator's salary? Did Mrs. Cruz suddenly get outsize bonuses?
So lets not distract from the issue in question. First why didn't Cruz a legal eagle not follow the law? And second, how was the money paid back on a Senator's salary? Did Mrs. Cruz suddenly get outsize bonuses?
1
Finding out Senator Cruz is financed by banking, must make tea party folks feel like I would feel if I found out Senator Sanders was financed by Coal and Oil.
3
Another political "slime ball".
The solution of course is publically financed campaigns and term limits!
The solution of course is publically financed campaigns and term limits!
Why take a loan from Goldman? Give a speech to them and get $200,000 like HIllary. No annoying repayments, at least not in cash. For their sake I hope she didn't speak to their IT department.
1
Wait---you mean Ted Cruz is a sleazy, lying huckster?!!?
I would NEVER have guessed!
I would NEVER have guessed!
6
Where is the Times Editor?
"During the remainder of 2012, the Cruz campaign repaid Mr. Cruz for about half of the money he lent."
No it didn't, though the campaign may have repaid Mr. Cruz for some go the money he BORROWED. "Ted and Heidi Cruz obtained the low-interest loan" means that Mr. Cruz and his wife BORROWED money.
"During the remainder of 2012, the Cruz campaign repaid Mr. Cruz for about half of the money he lent."
No it didn't, though the campaign may have repaid Mr. Cruz for some go the money he BORROWED. "Ted and Heidi Cruz obtained the low-interest loan" means that Mr. Cruz and his wife BORROWED money.
4
You're misreading. Cruz lent his campaign the money, and the campaign organization paid him back, then he and his wife paid back Goldman. Otherwise, you're presuming that Cruz himself ran the entire campaign.
Strange!
I re-read Mr. McIntire's article about Cruz 3 times and could not find the word "hypocrite" used even once!
I guess this is what passes for "fair and balanced" nowadays!
I re-read Mr. McIntire's article about Cruz 3 times and could not find the word "hypocrite" used even once!
I guess this is what passes for "fair and balanced" nowadays!
3
An example of the means to achieve the end--at all costs. First, he extols his humble background (but denies others in the same situation any govt sponsored relief); then seeks a loan from a Big Bank (and knows he will have to answer their phone calls); his wife works for a Big Bank (to help achieve a level of life style). To work for a Big Bank and have a politically active ego-inflated husband raises a question about family philosophy. Ah, I forgot, he is a man of God and he is pursuing that goal because he is destined to "save" the world. Can't make this stuff up.
3
If Cruz liquidated the account as he claims, he would not be eligible for a margin loan, since there were no assets to borrow against.
2
exactly.
Isn't it actually all his wife's money, anyway? And couldn't she afford to lose a million when she makes about that much per year? So, why a loan? Who would believe for one moment it wouldn't be "appreciated" in ways other than simply being paid back? Oddly, Climton has survived far worse, but Cruz might not.
1
What does it say about his judgement that he thought no one would find out? Or his view of American voters that he thought that, if found out, they wouldn't care?
4
Huh. Color me surprised. A populist rabble rouser running for the little guy against big government and big business who is actually part of big government and part of bug business, and indebted secretly to Wall Street. Who'da thunk it?
5
Cruz is slippery to say the least. Have you ever watched him be interviewed? He never answers a question if requires him to give any specifics--always ideology. It does not surprise me that he would cheat on reporting requirements. This man has no integrity.
4
Stuart
Right. Man of the People, Wall Street Bail-out Critic, and former Texas Solicitor General just "forgot", possibly while shutting down the US Government, the fact that his campaign was financed by Goldman Sachs, his wife's employer No motivation to hide the connection, right? Let's go back to Hillary's e-mail, right, Stuart? Except Fox already spent six months on that nothing sandwich.
Cruz should resign his Senate seat, or be indicted for deliberate violation of campaign finance law.
Right. Man of the People, Wall Street Bail-out Critic, and former Texas Solicitor General just "forgot", possibly while shutting down the US Government, the fact that his campaign was financed by Goldman Sachs, his wife's employer No motivation to hide the connection, right? Let's go back to Hillary's e-mail, right, Stuart? Except Fox already spent six months on that nothing sandwich.
Cruz should resign his Senate seat, or be indicted for deliberate violation of campaign finance law.
6
Another good reason to elect Bernie.
While his opponents (including Hillary) have been sucking up all the money they can from the tables of the money changers, Bernie is intent on overturning them.
While his opponents (including Hillary) have been sucking up all the money they can from the tables of the money changers, Bernie is intent on overturning them.
4
If Hillary Clinton had done this, the Republicans would be screaming bloody murder and arguing that it proves she is not fit for office.
Talk about double standards! I am so tired of this campaign, and it's only January. Everyone who know Ted Cruz hates him (except perhaps his wife), shouldn't that tell us something? I expect that the Republican senators who support Cruz (if any) are doing do partly to get him out of the Senate so they don't have to work with (or against) him any more. Many people in industry have been promoted for similar reasons, something that does not usually work out well.
Talk about double standards! I am so tired of this campaign, and it's only January. Everyone who know Ted Cruz hates him (except perhaps his wife), shouldn't that tell us something? I expect that the Republican senators who support Cruz (if any) are doing do partly to get him out of the Senate so they don't have to work with (or against) him any more. Many people in industry have been promoted for similar reasons, something that does not usually work out well.
3
The rules about reporting where the money comes from couldn't be stated more clearly. (See the last paragraph of the current article).
The deception committed by Heidi and Ted is equally clear.
Something is rotten in the state of Texas.
The deception committed by Heidi and Ted is equally clear.
Something is rotten in the state of Texas.
5
Seems to me there's nothing wrong with the loans themselves. It's the "inadvertent" part of not reporting the loans in the proper manner. Like another commenter said, that means it's either lying or incompetence, or both. In any case, Cruz is in trouble.
5
Watch while a deliberate omission magically morphs into an inadvertent oversight. In the 2016 version of Republican politics, this isn't even a bump in the road. A month from now, no one will even remember this.
3
As we know the political system in this country is all about big money. Wall Street money is some of the biggest. So it comes as no surprise that Ted Cruz is in bed with Wall Street. But then so is Hillary Clinton. That's just the reality. And if enough voters figure this sad truth out then perhaps a renegade like Bernie Sanders, a candidate who eschews the taint of all those big Wall Street bucks, will have a fighting chance.
4
Sounds like a simple margin loan, which is generally secured by assets in an investment account. These types of loans are heavily regulated by the SEC, so there's little chance of hanky-panky - just an administrative oversight. Kind of like sending confidential government information over a private e-mail server....wait, that's a little more serious.
1
Really, why not rope Vince Foster in here, too? Would be just as relevant.
1
Except this is a understanding margin loans. I know that's the Trump talking point. Except. If he had "liquidated" all of his assets, as he's repeatedly said, then there were no assets against which to get a margin loan--or in simplistic terms, there was no collateral. Which makes Cruz a liar about using all his savings, or he got a 3% unsecured loan again zero assets--which allegedly were "liquidated". Which means Goldman, which isn't in the habit of giving out unsecured loans, was getting something back. As to the comparison with Clinton, I actually agree she is a liar, and I'm not supporting her. Now why isn't there enough intellectual honesty on the right to call Cruz what he is; another lying Princeton/Harvard/GS insider?
1
It wasn't confidential when Ms. Clinton shared it. That is why she did shared it.
It was illegal when Cruz did it and it still is illegal. As the say in Texas, "Oops".
It was illegal when Cruz did it and it still is illegal. As the say in Texas, "Oops".
1
I grasp the significance of this story.
Ted Cruz' wife is a managing director at the Houston office of Goldman Sachs.
Ted Cruz gets a loan for lots of money from Goldman Sachs at low interest.
Ted Cruz doesn't report that loan and instead claims he liquidated existing wealth.
Ted Cruz becomes the new Texas Senator and is now running as a candidate for President.
It doesn't look right.
Ted Cruz' wife is a managing director at the Houston office of Goldman Sachs.
Ted Cruz gets a loan for lots of money from Goldman Sachs at low interest.
Ted Cruz doesn't report that loan and instead claims he liquidated existing wealth.
Ted Cruz becomes the new Texas Senator and is now running as a candidate for President.
It doesn't look right.
9
Why are we arguing over money when the greatest legal mind of our time, Lawrence Tribe, says that he is constitutionally ineligible to be president.
9
Michael
A few clarifications:
1. Tribe is not "the greatest legal mind of our times." He is, however, probably the greatest constitutional scholar ON THE LEFT.
2. Tribe did not say that Cruz is ineligible to be President. In fact, what he said was that "To be sure, no real court is likely to keep Cruz off the ballot, much less remove him from the White House if he were to win"
I suggest you re-read the Tribe piece from the Globe, this time without your rose-colored lenses.
2
A few clarifications:
1. Tribe is not "the greatest legal mind of our times." He is, however, probably the greatest constitutional scholar ON THE LEFT.
2. Tribe did not say that Cruz is ineligible to be President. In fact, what he said was that "To be sure, no real court is likely to keep Cruz off the ballot, much less remove him from the White House if he were to win"
I suggest you re-read the Tribe piece from the Globe, this time without your rose-colored lenses.
2
1
Unless Tribe has become the new SCOTUS, his opinion is of no more relevance than yours or mine. Stick with the facts.
Somehow, at some point, I suspect Cruz will find the Lord telling him he needs to spend more time with his family and his wife needs to spend more time with Goldman Sachs. (Or will he be spending time with a prison chaplain?)
5
$500,000 here, $500,000 there. I'm sure it was inadvertant of the Cruzes to overlook the Goldman loan given the other aspects of their '1% lifestyle'.
5
Cruz has consistently tried to hid his bonds to Wall Street and claim the (un)Christian conservative pole. He is a classic example of the total hypocrisy from which the Republicans suffer - enthusiastically.
7
So...a Tea Party darling turns out to have financed his Senate campaign through under the table loans from a company that epitomizes everything the TP folks are supposed to be against. You know, Wall Street influence, money influence, insider connections - that sort of thing. Priceless! No wonder Cruz is the most hated man in Washington.
But he won't be hurt by such blatant hypocrisy. His supporters will just pass it off as another attempt by the lame-stream media to tear down their hero. He could even turn that type of narrative to his advantage with the GOP base. They're just stupid enough to buy it.
But he won't be hurt by such blatant hypocrisy. His supporters will just pass it off as another attempt by the lame-stream media to tear down their hero. He could even turn that type of narrative to his advantage with the GOP base. They're just stupid enough to buy it.
14
"Inadvertent" is when you fail to sign your income tax return. Failure to report a half million dollar loan is gross fraud.
283
So, as this guy tries to portray himself as "an ordinary Joe" we've learned:
He was a 1-Percenter by age 41 despite being employed as a government official.
His wife made their fortune as a managing director at Goldman, Sachs; one of the companies that nearly sank the economy in 2008 and is beholden to them.
He borrowed money for his campaign from them, didn't disclose it, and may WELL have been granted the loan because of his wife's position as an MD there.
He has lied about his Wall Street ties.
He has lied about being a dual citizen while serving as a US Senator.
He has lied about how his father fled Castro when, in fact, he left Cuba under Batista.
He is detested by his Senate colleagues on both sides of the aisle, excepting the rather deranged Mike Lee, who shares his views.
He is detested by the GOP establishment for not playing by their rules.
Sounds like the ideal Republican to me!
He was a 1-Percenter by age 41 despite being employed as a government official.
His wife made their fortune as a managing director at Goldman, Sachs; one of the companies that nearly sank the economy in 2008 and is beholden to them.
He borrowed money for his campaign from them, didn't disclose it, and may WELL have been granted the loan because of his wife's position as an MD there.
He has lied about his Wall Street ties.
He has lied about being a dual citizen while serving as a US Senator.
He has lied about how his father fled Castro when, in fact, he left Cuba under Batista.
He is detested by his Senate colleagues on both sides of the aisle, excepting the rather deranged Mike Lee, who shares his views.
He is detested by the GOP establishment for not playing by their rules.
Sounds like the ideal Republican to me!
6
I can hardly wait to see how this plays out in tonight's Republican debate. I guess I'll have to watch.
2
Great job NYT. Wish you were as quick to get explanation on Hillary and Bills Foundation depositors or ask the questions we need answers on about Hilary's bungled email server. This paper is a farce. Its a tool for socialism and the liberal democratic party. Be ashamed
1
In my experience, people who hear facts they don't want to believe...don't believe them. I'd think that people who want Cruz to win are unlikely to change their minds, almost no matter what he does.
The same is probably true of most of the other candidates as well.
If the election were held today, I think the results would be the same as they'll be in November. Most have already made up their minds, and don't want to be confused with little things like facts.
The same is probably true of most of the other candidates as well.
If the election were held today, I think the results would be the same as they'll be in November. Most have already made up their minds, and don't want to be confused with little things like facts.
2
In case anyone needs reminding: Goldman-Sachs is an ongoing criminal enterprise.
Carry on.
Carry on.
5
Sounds like you need the reminder, Blair. There is no ongoing investigation of GS as a criminal enterprise. On the other hand, there is an ongoing criminal investigation of Hillary Clinton.
1
Wow, will the FBI investigate and than prosecute Cruz for this financial-disclosure violation, inquiring minds want to know...?
1
So arguably, they spent all their money and went into debt perusing their dream (maybe not quite in that order), how poignant is that?