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Cruz: Trump May Owe ‘Billions’ in Loans to Big Banks (Feb 1 article)
PJ Media ^ | FEBRUARY 1, 2016 | MICHAEL VAN DER GALIEN

Posted on 02/12/2016 8:27:07 PM PST by TBP

When Donald Trump heard that Ted Cruz had taken out a loan from Goldman Sachs (against his own investments, by the way), he lashed out at his rival. The loan proved that Cruz was owned by the banks! He could not be trusted! He'd just do Goldman's bidding!

Oh my, how terrible! Yes, Cruz was clearly a crony of the big banks.

This criticism caused the Cruz campaign to study Trump's own finances a bit. What they've discovered is downright shocking:

Republican presidential hopeful Ted Cruz on Sunday said GOP front-runner Donald Trump owes “hundreds of millions or even billions” in unpaid loans. “If you look at his financial disclosure, he owes at least $480 million right now, and it could be billions,” Cruz said on “Fox News Sunday.” Cruz then lashed out at Trump for criticizing him for taking out a one million dollar loan:

He knows this loan story is complete nonsense. It’s also the height of chutzpah for someone who owes hundreds of millions of dollars, if not billions of dollars, to attack Heidi and me because we put our life savings into running for Senate. And that brings me to The Donald's character. This man is a pathological liar with no moral compass whatsoever. Time and again, he accuses his rivals of doing something he -- Trump -- himself is guilty of it. See also his accusation that evangelical leader Bob Vander Plaats demanded $100,000 to speak at a rally in Iowa, with the facts proving that Trump demanded that incredibly amount and got it.

(Excerpt) Read more at pjmedia.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 1stcanadiansenator; 2016election; banks; bigbanks; boughtandpiadfor; cruz; gangof14; hypocrisy; michaevandergalien; nothingburger; postingfor; propagandadujour; strawgrasping; tbptroll; tdsmeetingplace; tdsparty; tedcruz; tedspacificpartners; theycomeoutatnight; trump; trumpfinances; usualsuspect
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To: Bobalu

The loan was secured.


41 posted on 02/12/2016 8:50:15 PM PST by impimp
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To: txnativegop

You have got that right. I don’t know anyone who owns a commercial real estate business who doesn’t borrow money from banks. So what is the point here? It is nothing but a pointless smear trying to make excuses for Cruz who “forgot” to report campaign loans. If you can’t understand the difference between normal business practices and someone who has violated campaign laws then you are hopelessly biased.


42 posted on 02/12/2016 8:50:46 PM PST by fireman15 (Check your facts before making ignorant statements.)
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To: TBP
You guys still don't get it. Ted Cruz hid the loan and did not report it, claiming an oversight. There is no way Cruz could forget about a million dollar loan. So why did he not report it? Because he wanted to hide the fact that Goldman Sachs was bankrolling his campaign effort.

But keep believing Ted is a conservative who has the country's best interest at heart.

43 posted on 02/12/2016 8:51:30 PM PST by Robert DeLong (u)
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To: datura
Dude - how lost are you? Trump is for touch back. He's said it out loud the whole campaign.

Does it suck not to think for yourself?

44 posted on 02/12/2016 8:51:35 PM PST by Reagan Disciple (Peace through Strength)
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To: Bobalu

The Goldman Sachs loan Cruz took out was a margin loan against his own investments and securities - hardly unsecured.


45 posted on 02/12/2016 8:52:01 PM PST by JimSEA
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To: Bobalu

What pathetic CRAP!


46 posted on 02/12/2016 8:52:46 PM PST by virginia9000
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To: Reagan Disciple

If you go back and read Trump’s books from when Ted was in Junior High School, you’ll see nothing has changed at the core.

It’s always been about the economy and making money.

Not living on other peoples taxes. (And his wife’s income from investment banks.)


47 posted on 02/12/2016 8:53:07 PM PST by datura (Proud Infidel)
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To: Bobalu
Anyone who does not see the difference between a business loan and an unsecured loan to support a campaign is an idiot.

What does that say about someone who can't tell the difference between an unsecured loan and a loan secured by one's own investment account?

The first line of the article:
When Donald Trump heard that Ted Cruz had taken out a loan from Goldman Sachs (against his own investments, by the way)...

48 posted on 02/12/2016 8:54:22 PM PST by Gil4 (And the trees are all kept equal by hatchet, ax and saw)
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To: Reagan Disciple

Touch back is your camp’s disingenuous term. Deport them all and make them reapply.

Ted won’t even make them leave!


49 posted on 02/12/2016 8:54:28 PM PST by datura (Proud Infidel)
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To: PA Engineer
Guys, guys, wait. You're not gonna believe this.

Did you know that Trump owned...

CASINOS?!?!

DUN DUN DDDDDUUUUUNNNNNN!


50 posted on 02/12/2016 8:54:36 PM PST by 20yearsofinternet
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To: DoughtyOne
"W A N K E R !" (s) Yes, both the writer and the poster. This guy VanderGalen's crap is forever being posted here, and its just bottom-of-the-barrel excrement! The Wankers can keep trying, but it isn't going to change anything this election season, Trump is just one more primary away from running the table. The Club for Growth/Right To Rise/You Name It PACs that are all the butt buddies of the “establishment candidates” are in the process of flushing their last salvos of $hit onto the airways in their vain attempt to take out Trump (and Cruz). And the GOPe and the RNC are quietly crapping themselves watching all this money being pi$$ed away with no discernible effect. The only good news is that it's all attached to Little Yebbie's a$$ and it's going to make him a national pariah for the rest of his life!
51 posted on 02/12/2016 8:54:48 PM PST by vette6387
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To: txnativegop
Trump supporters won’t care.

Darn straight, plus there is more of us everyday.

Welcome to the Trump apocalypse, we are the new world order capitalistic-anarchy Democracy. We believe in globalization because we re going to be doing the globalizing.

No more wimpy Plutocracies, Autocracies, Aristocracies, Theocracies. No more Communism, Islamunism, Socialism or Whateverisms.

The big free for all where nothing is free anymore. It s all ass, gas, or grass. /s of course.

52 posted on 02/12/2016 8:56:51 PM PST by Fhios (circa 2016: Truth will be outlawed unless pre-approved.)
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To: TBP

What do you call the most interesting person in Ontario?

)))

)))

)))

An American.


53 posted on 02/12/2016 8:57:59 PM PST by tumblindice (America's founding fathers: all armed conservatives.)
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To: TBP

Bookmark


54 posted on 02/12/2016 8:59:16 PM PST by Pajamajan ( Pray for our nation. Thank the Lord for everything you have. Don't wait. Do it today.)
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To: QuinqueViae

Statist? Really? WOW! Sounds like a word tossed out during a college class on some subversive but politically correct class. Go for it my clueless FR friend.


55 posted on 02/12/2016 8:59:23 PM PST by doc1019 (Cruz)
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To: vette6387

Exactly ...


56 posted on 02/12/2016 8:59:25 PM PST by Neu Pragmatist (Will Cruz endorse Trump or Jeb? That is the question... Vote Trump)
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To: Fhios

Interesting posting history.

Welcome to FR.


57 posted on 02/12/2016 9:00:32 PM PST by datura (Proud Infidel)
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To: TBP

Luckly Jesus had 12 truly righteous disciples and not people like Cruzboys, otherwise we’d be praying to Roman Gods.


58 posted on 02/12/2016 9:00:36 PM PST by heights
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To: 20yearsofinternet

59 posted on 02/12/2016 9:00:46 PM PST by PA Engineer (Liberate America from the Occupation Media. #2ndAmendmentMatters)
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To: E. Pluribus Unum
Cruz took out a secured loan on the stocks in his brokerage account.

But don’t let facts stand in your way.

Which means....that for Trump to be using the Goldman Sachs loan to attack Cruz with makes Trump just as big of a liar as the leftist aholes he supports and has donated to (the Clintons, Harry Reid, Chuck Schumer, etc.). It makes him, at least in my book, another typical lying liberal/leftist.

Sorry, but we've already got one of those in the WH.

60 posted on 02/12/2016 9:01:02 PM PST by XenaLee (The only good commie is a dead commie)
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