Ouch Cruz supporters today not a good news day for lawyer Ted and Wall Street banker Heidi. 20+ point lead..that’s going to leave a mark.
Just to set the record straight:
“Eight of the Republican presidential hopefuls, Trump, Cruz, Ben Carson, Jeb Bush, John Kasich, Carly Fiorina, Chris Christie, and Jim Gilmore said in financial disclosures that were largely filed between June and August last year that they had owned Goldman funds or Goldman stock, and in some cases both. The disclosures mostly cover the period from the beginning of 2014 to the middle of last year.â€
“Citibank, in particular, played a major role in one of the Trump’s organization’s more notorious bankruptcies, when the Trump Plaza Hotel in Atlantic City was underwater and Trump owed over $550 million on it to various creditors, with Citibank at the head. In order to restructure his debt, Trump gave Citibank and other creditors a 49% ownership interest in the hotel.
As for Goldman Sachs, Trump is himself a shareholder in Goldman Sachs, which means he has a direct financial interest in its success. One would think that would make Trump even less enthusiastic about protecting me from Goldman Sachs (whatever that means) than Cruz would.
There is essentially not a major Wall Street entity that Donald Trump or his companies have not taken out loans from or received financing from. In fact, that’s more or less his entire business model. This lengthy ABC piece details how each and every one of them has at one time been circling Trump or his companies as they have been left holding the bag for all or part of loans he took out from them.â€
Citation: http://www.redstate.com/2016/01/21/know-else-received-loans-citibank-goldman-sachs-donald-trump/
So it is NOT just Ted Cruz who has a relationship with Goldman Sachs and other Wall Street banks, but also The Donald himself. And, for the record, I do NOT necessarily consider that a disqualifying factor.
I am fascinated by this entire election. I really want to know how that mini-drama plays out.
Businessman running against a lawyer and investment banker...