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Posted on 01/21/2016 5:27:24 PM PST by DrewsDad
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.
You’re embarrassing your country, drag.
He borrowed against his own account. His own money. What is wrong with you people?
Its called fraud to us but not a DC insider Harvard lawyer like Teddy !
Ted was running the usual cynical phony outsider / anti evil NYC political Senate campaign which was pure pr BS / lie to get elected while being entirely funded by fat cat NYC criny capitalist billionaires .
You got to love the utter nerve.
Ted and Heidi are 100% DC fat cat power couple but the hicks in fly over country are not supposed to find that out so Ted files fraudulent SEC paperwork and then on the sly corrects it.
That Goldman- - Citibank Renaissance Hedge Fund puppet Ted for ya !
Getting a loan is not the issue. Your strawman is showing.
Trump isn’t financing his campaign with (UNDISCLOSED) signature loans (illegal for candidates), from Citibank. He’s self-funding...as in out of his own pockets...not donors/bankers.
You do realize how you CRuzies have embarrassed yourselves with this thread, right?
Do you have investments? Like a 401K? Watch out....you might be a GS or Citibank SHAREHOLDER. Yikes.
Are you a business owner? Have you ever started a business or had to finance a project? Heck, I’ve taken out (and since paid back) loans from Citibank, for projects...probably the same time that Trump did. Do I need to disclose that on my FEC papers if I decide to run for elected office?
The pathetic RedState/Salem Communications attempts at Trump smear pieces are getting more absurd, by the hour (was the day, now the hour :)
I strangely feel sorry for Drew right now.
Is Levin the parrot? Just listened to his protestations about being outed. Methinks he doth protest... you know the drill.
those that are ignorant of the world condemn the big banks for sins that are mostly ignorance
to make such a post is prima fascia evidence of that ignorance
Maybe he has,,,,,I don’t know, because it will not be until after the election that all the paperwork is completed. This matter occurred during cruz’s 2012 election for senator. And BTW, He did repot the loans to the FEC. There are 5 cash transfers labeled Loans from Ted Cruz to his own campaign.
What there is not, is a form saying that he receive money from Goldman Sachs,or citi but that money did not go directly to the campaign. It was teds. it was then loaned to the campaign by ted. the FEC records show this clearly.
The reports showing where the money came from can be found in the Senate Committee reports that the FEC also has access to as it’s part of the record keeping process for public disclosure.
IMO, other than a possible error where some form did not have the information on it that it should have, in spite of that the information was all disclosed.
I am done with this for now..
HAHA. Worst comparison ever, the IRS would likely reject your return and you would have to refile. The FEC doesn’t have records of Ted’s finance to compare to and wouldn’t know that Ted failed to claim loans without an investigation.
Ted didn’t do everything he was supposed to do. Ted was required to provide the details of the loans to the FEC and he didn’t. It doesn’t matter if he provided the details on other forms. He didn’t provide it to the FEC.
.
This needs to be written in the Big Book of Concerns...do you know who haz it?
Boy, am I tired of people pronouncing on this issue without know what they’re talking about.
Nope. Cruz admitted he failed to disclose the loans on the FEC form, which means your statement about Cash transfers is BS. If that were the case, he would have stated that as such from the beginning and would have not requested to amend his FEC filing.
It was posted today. The FEC is investigating.
Ridiculous thread
The Trump Companies since mostly privately held must have billion in commercial banks
I’d be surprised if he has less than 100 lenders
I just think Trump and certain posters are hypocritical saying that a bank somehow owns Cruz because of a loan against his own investments while Trump's off getting loans and filing bankruptcies.
that is not the issue. rightly or wrongly, the issue is filing reports
Misleading info, thy name is DrewsDad
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