Post by pavel on Jan 13, 2016 23:54:34 GMT -6
Ted Cruz Under Fire For Failure To Disclose $1 Million In Loans From Goldman Sachs, CitiBank
Would $1 million make a difference in winning or losing a Senate campaign? Does it matter who provided $1 million in loans?
For his 2012 race to win a U.S. Senate seat, former Texas Solicitor General Ted Cruz took $1 million in loans from his wife's employer, the investment banking firm Goldman Sachs, and from CitiBank. But contrary to federal campaign finance laws and to his repeatedly-shared story of personal family sacrifice, Cruz did not disclose the loans to the Federal Election Commission nor to voters, The New York Times reports Wednesday evening.
“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” Cruz repeatedly said he told his wife, bragging how she believed in him so much it took her just seconds to agree.
Cruz, an attorney working for a private Houston law firm in 2012, "put 'personal funds' totaling $960,000 into his Senate campaign," the Times reports. "Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million — 'which is all we had saved,' as Mr. Cruz described it in an interview with The New York Times several years ago."
Read more: www.thenewcivilrightsmovement.com/davidbadash/ted_cruz_under_fire_for_failure_to_disclose_1_million_loan_from_goldman_sachs_for_2012_senate_win
Would $1 million make a difference in winning or losing a Senate campaign? Does it matter who provided $1 million in loans?
For his 2012 race to win a U.S. Senate seat, former Texas Solicitor General Ted Cruz took $1 million in loans from his wife's employer, the investment banking firm Goldman Sachs, and from CitiBank. But contrary to federal campaign finance laws and to his repeatedly-shared story of personal family sacrifice, Cruz did not disclose the loans to the Federal Election Commission nor to voters, The New York Times reports Wednesday evening.
“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” Cruz repeatedly said he told his wife, bragging how she believed in him so much it took her just seconds to agree.
Cruz, an attorney working for a private Houston law firm in 2012, "put 'personal funds' totaling $960,000 into his Senate campaign," the Times reports. "Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million — 'which is all we had saved,' as Mr. Cruz described it in an interview with The New York Times several years ago."
Read more: www.thenewcivilrightsmovement.com/davidbadash/ted_cruz_under_fire_for_failure_to_disclose_1_million_loan_from_goldman_sachs_for_2012_senate_win
