Posted on 01/31/2016 7:27:11 AM PST by Cincinatus' Wife
Great summary. Also worth noting that any taxes owed come before even secured creditors.
The great Harvard Lawyer says some really stupid things when it furthers his ambition for power to do so.
What a tactic. Cruz is hitting Trump on his strongest point: his financials. I love it.
I’m still trying to figure out how Cruz & Heidi INCREASED their wealth by a million $$ after taking out loans and her quitting her job....???
May 22, 2013 - Freshman Sen. Ted Cruz (R-Texas), another potential presidential candidate in 2016, reported a net worth of $1.5 million for 2012 http://thehill.com/business-a-lobbying/301323-rubios-net-worth-stays-in-the-red
Sen. Ted Cruz (R-Tex.), whose financial disclosure forms were also released Monday, listed assets between $2.4 and $4.7 million (Aug. 2015)
https://www.washingtonpost.com/news/post-politics/wp/2015/08/03/ted-cruzs-book-royalties-so-far-may-be-higher-than-scott-walkers-net-worth/
Some of the increase was ‘book royalties’....he sold his books to his campaign.
It makes more sense than Cruzs accusation
On this point I don’t think it is relevant that either man has had loans or even the size of the loans. The meat is who had a more favored position with the Goldman Sachs of this world. My question is, who is more likely to govern in favor of the big banks, a man whose existence is anchored in big business or one who is anchored in the Constitution?
You know what I would like to see, a complete revamp of election protocol, but it’s a pipedream. Wouldn’t it be nice if anyone, regardless of their rich backers or private bank accounts, that was up to it could run for President. We’d never get a Lincoln nowadays, fr’instance, because some backwoods boy, even though brilliant, would not have the money, backing or sophistication to run.
Hilarious considering Heidi Cruz
Really
The crazy season
Being in politics can be very profitable.
What is everyone here calling that - flip flopping??
Well put.
And in addition, the referee in bankruptcy will not allow any future purchases or financial commitments unless funds are available to pay.
In other words, payment for all future purchases are guaranteed.
So whereas creditors previous to chapter 11 may have to take a reduced payment, all creditors after chapter 11 is declared will be paid in full.
You can make someone out to be “bought” because of loans and then demand opposite standards for someone else.
“For Cruz, he purposely didn’t put his ‘personal’ loans for his campaign on his FEC filing. He admitted it”
Can you give me a source of where he admitted that he purposely didn’t put the loans on the FEC filing? I’ve seen it written, mostly on this site but have had considerable trouble finding an actual source.
Fixed.
You CAN’T make someone out to be “bought” because of loans and then demand opposite standards for someone else.
Now that IS interesting! I hope some asks before it becomes irrelevant.
Adding a million or two to net worth while serving in the Senate is a trick I thought only Hillary, Harry Reid, etc. had mastered. Or maybe the Cruzes got a hot tip on some cattle futures?
Ted Cruz was a Canadian anchor baby, of sorts. It is true that his father claims he was a naturalized Canadian citizen when Ted was born, but Canadian law made Ted a natural-born Canadian. Anyway, I saw Donald say this and he was joking around about Ted and his problems.
Ted Cruz is a nasty person! Why hasn’t either Mike Lee or Jeff Sessions endorsed him? Why the hushed-up staff departures? Have you ever heard Ted Cruz talk about “the love in the room?” Has Ted Cruz ever said, “I love you! We are in this together! It’s a movement?”
Beck would need to have actually endorsed Trump first to flip-flop.
No kidding
From 4-15 percent leverage if that’s all he owes commercially
I’d love to have that little of exposure credit wise
I’m for Cruz too,but geesh!the garbage trump & his minions pour out reminds me of hitleresque tatics and common thuggery-America is better than this.
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