The Briefing Room
General Category => Politics/Government => Topic started by: corbe on May 26, 2017, 02:23:09 am
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Ted Cruz Failed to Show 2012 Loans From Goldman Sachs, FEC Says
by
Bill Allison
May 25, 2017 5:47 PM
U.S. Senator Ted Cruz improperly accounted for loans he received from Goldman Sachs Group Inc. and Citigroup Inc. during his 2012 campaign, saying the funds were his own personal contributions to the Senate race, the Federal Election Commission said Thursday.
The finding, released on the FEC website, marked a rare instance of agreement among the agency’s five commissioners, who voted unanimously that the $1.1 million of loans from the banks should have been disclosed to voters. The FEC didn’t say whether there would be a penalty.
Under federal election law, candidates can take out loans from commercial banks as long as they disclose the source of funds, the interest rate they are paying and the term of the loan. They can also lend or give their campaigns unlimited amounts from personal funds.
In his bid for the Senate, Cruz said that he was financing his bid in part with personal funds, liquidating assets to compete in an expensive runoff election against a well-funded candidate. Cruz’s 2012 financial disclosure showed that he hadn’t sold enough assets to be able to lend his campaign as much as he had claimed. It also listed personal loans from Goldman Sachs, where his wife was an executive, and Citigroup.
<..snip..>
https://www.bloomberg.com/politics/articles/2017-05-25/ted-cruz-failed-to-show-2012-loans-from-goldman-sachs-fec-says (https://www.bloomberg.com/politics/articles/2017-05-25/ted-cruz-failed-to-show-2012-loans-from-goldman-sachs-fec-says)
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From Jan 2016:
https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign (https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign)
So why is this story being republished now?
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From Jan 2016:
https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign (https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign)
So why is this story being republished now?
To stir the stink.
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From Jan 2016:
https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign (https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign)
So why is this story being republished now?
Exactly. The DEMS are going after everyone!! You wait ... next they'll be accusing Cruz of colluding with the Russians.
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Really good question @Hoodat why now?
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Really good question @Hoodat why now?
The hearing finished yesterday.
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The hearing finished yesterday.
Good point @EC and I'll shamelessly admit I read the Article before I posted it.
The @Hoodat post got me thinking about this massive media Conspiracy against Cruz and the many leaks inside his 2020 Campaign.
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Good point @EC and I'll shamelessly admit I read the Article before I posted it.
The @Hoodat post got me thinking about this massive media Conspiracy against Cruz and the many leaks inside his 2020 Campaign.
GD Lyin' Ted living up to his name. When is someone going to have the courage to get a Special Prosecutor into his shenanigans?
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Exactly. The DEMS are going after everyone!! You wait ... next they'll be accusing Cruz of colluding with the Russians.
Or his great grandfather being in cahoots with John Wilkes Booth./s
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Or his great grandfather being in cahoots with John Wilkes Booth./s
Or his great-great-uncle being involved with the assassination of William McKinley?
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Or his great-great-uncle being involved with the assassination of William McKinley?
Remember the Maine!
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My understanding was it wasn't so much an attempt to conceal the loan (other required forms were filed) than it was an oversight - the failure to file a particular form.
Thats not clear in this article.
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My understanding was it wasn't so much an attempt to conceal the loan (other required forms were filed) than it was an oversight - the failure to file a particular form.
Thats not clear in this article.
That's how I remember it. :shrug:
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The Cruz Connection to the Moneychangers can only mean one thing. The Cruz family colluded to killed JC.
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That's how I remember it. :shrug:
Same here.
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My understanding was it wasn't so much an attempt to conceal the loan (other required forms were filed) than it was an oversight - the failure to file a particular form.
Thats not clear in this article.
When it comes to the vagaries of filling out forms for Big Bureaucracy, Albert Einstein said it best:
This is too difficult for a mathematician. It takes a philosopher. The hardest thing in the world to understand is the income tax.
Think about it, one of the smartest men who ever lived did not prepare his own taxes.
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CRIPES, are we going to rehash this again?
Ohhh, I forgot, 2018 comes soon....
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When it comes to the vagaries of filling out forms for Big Bureaucracy, Albert Einstein said it best:
Think about it, one of the smartest men who ever lived did not prepare his own taxes.
And Einstein died in 1955. The federal tax code has expanded by about a billion pages since then.
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You can only rehash the rehashed hash so many times before it turns to slime.
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CRIPES, are we going to rehash this again?
Ohhh, I forgot, 2018 comes soon....
Considering the fact that the loan was paid off and the filing amended, this ranks right up there with not paying the tax on a $5 parking ticket.
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Ted Cruz Failed to Show 2012 Loans From Goldman Sachs, FEC Says
by
Bill Allison
May 25, 2017 5:47 PM
U.S. Senator Ted Cruz improperly accounted for loans he received from Goldman Sachs Group Inc. and Citigroup Inc. during his 2012 campaign, saying the funds were his own personal contributions to the Senate race, the Federal Election Commission said Thursday.
The finding, released on the FEC website, marked a rare instance of agreement among the agency’s five commissioners, who voted unanimously that the $1.1 million of loans from the banks should have been disclosed to voters. The FEC didn’t say whether there would be a penalty.
Under federal election law, candidates can take out loans from commercial banks as long as they disclose the source of funds, the interest rate they are paying and the term of the loan. They can also lend or give their campaigns unlimited amounts from personal funds.
In his bid for the Senate, Cruz said that he was financing his bid in part with personal funds, liquidating assets to compete in an expensive runoff election against a well-funded candidate. Cruz’s 2012 financial disclosure showed that he hadn’t sold enough assets to be able to lend his campaign as much as he had claimed. It also listed personal loans from Goldman Sachs, where his wife was an executive, and Citigroup.
<..snip..>
https://www.bloomberg.com/politics/articles/2017-05-25/ted-cruz-failed-to-show-2012-loans-from-goldman-sachs-fec-says (https://www.bloomberg.com/politics/articles/2017-05-25/ted-cruz-failed-to-show-2012-loans-from-goldman-sachs-fec-says)
Who gives a crap? Really?
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GD Lyin' Ted living up to his name. When is someone going to have the courage to get a Special Prosecutor into his shenanigans?
Ye jest. But know.... that someone.... somewhere.... is uttering those same words in serious. ^-^
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Who gives a crap? Really?
They are D E S P A R A T E ! ! !
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Remember the Maine!
My genealogy records show Lyin' Teds g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g grandfather Brutus gave Ceasar a pointed back massage.
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My genealogy records show Lyin' Teds g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g-g grandfather Brutus gave Ceasar a pointed back massage.
While attending college, Cruz conspired to tear a tag off of a mattress.
(http://1.bp.blogspot.com/-A3vxdQzjwm8/Tcimsbl4S5I/AAAAAAAALc0/wh19rFGr3o8/s1600/008.JPG)
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From Jan 2016:
https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign (https://www.bloomberg.com/politics/articles/2016-01-14/ted-cruz-says-he-may-amend-u-s-financial-disclosures-to-show-loans-to-2012-senate-campaign)
So why is this story being republished now?
Nothing is being republished, the FEC investigated and just recently released it findings.
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I see the alt right turds are getting into the act again on twitter. They're pimping the birther BS and the JFK/Cruz conspiracy crap. And my personal favorite, Heidi Cruz "Wrote NAFTA" when she was a teenager.
Makes me wonder what they're upset about.
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Same here.
Well then let me refresh your memory. Cruz made a BIG DEAL out of him and Heidi having to sell all/most of their assets to fund Ted's campaign. He used that story line just about all the time. Turns out that was not true, he borrowed against his assets he did not sell them as he claimed. In short Ted was lying to the voters of Texas.
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Well then let me refresh your memory. Cruz made a BIG DEAL out of him and Heidi having to sell all/most of their assets to fund Ted's campaign.
Complete unadulterated bullshit.
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July 9, 2012 - Financial disclosure to the US Senate
(https://pbs.twimg.com/media/CYpaiGHWAAAYqCx.png)
Go figure. Goldman Sachs loan against his assets disclosed by Ted Cruz in 2012.
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And Einstein died in 1955. The federal tax code has expanded by about a billion pages since then.
The emergence of computerized tax programs has saved the lives of countless Congress critters, the people who pass these abhorrent tax laws. They rest easier, knowing that programmers will write the code for these programs.
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I see the alt right turds are getting into the act again on twitter. They're pimping the birther BS and the JFK/Cruz conspiracy crap. And my personal favorite, Heidi Cruz "Wrote NAFTA" when she was a teenager.
Makes me wonder what they're upset about.
I think they are shouting against the wind.
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Well then let me refresh your memory. Cruz made a BIG DEAL out of him and Heidi having to sell all/most of their assets to fund Ted's campaign. He used that story line just about all the time. Turns out that was not true, he borrowed against his assets he did not sell them as he claimed. In short Ted was lying to the voters of Texas.
Nope.
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I think they are shouting against the wind.
Yep! Very much so! They know it and it's killing them!
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While attending college, Cruz conspired to tear a tag off of a mattress.
(http://1.bp.blogspot.com/-A3vxdQzjwm8/Tcimsbl4S5I/AAAAAAAALc0/wh19rFGr3o8/s1600/008.JPG)
Yes, but.... in his defense.... he actually WAS the consumer. ^-^
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July 9, 2012 - Financial disclosure to the US Senate
(https://pbs.twimg.com/media/CYpaiGHWAAAYqCx.png)
Go figure. Goldman Sachs loan against his assets disclosed by Ted Cruz in 2012.
Hmm.... looks like Lyin Ted wasn't lyin after all. I'm.... shocked!
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I think they are shouting against the wind.
You can't grow that kind of stupidity in a petri dish. Cruz is now an ally, yet the yapping chihuahuas can't let go of it.
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Yes, but.... in his defense.... he actually WAS the consumer. ^-^
Did he disclose it? And, on the proper form?
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Yes, but.... in his defense.... he actually WAS the consumer. ^-^
Did he disclose it? And, on the proper form?
Disclose that he ate a mattress tag? Nah. They found it picking through his sh.....
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It was a stupid issue then and is even stupider to bring it up now