While running for his U.S. Senate seat in 2012, Texas Republican Ted Cruz failed to disclose a $500,000 campaign loan from Goldman Sachs, reports the New York Times. That’s especially awkward since Ted’s missus, Heidi Nelson Cruz, is a Managing Director at Goldman Sachs in Houston. In fact, Chad Sweet, Cruz 2016 presidential campaign manager, worked for Goldman Sachs for 10 years. Candidate Cruz has recently tried to distance himself from Goldman as part of his hardly credible populist pose.
Besides that sizeable low-interest loan from his wife’s bosses, Mr. Cruz apparently got one from Citibank, too. Other campaigns have been fined for failing to make such disclosures to the FEC. The Cruz campaign’s response to the Times story: “Ooops.”
More:
“Ted Cruz Hates ‘New York Values’ But Sure Loves New York Money,” Jon Schwarz, The Intercept
“Ted Cruz’s Loan from Goldman Sachs Was a Bullish Bet on the Obama Economy,” David Nir, AlterNet
Related:
“Goldman Sachs Will Pay $5 Billion To Settle Financial-Crisis Claims,” Jim Zarroli, NPR News
“The Great American Bubble Machine,” Matt Taibbi, Rolling Stone
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Tags: campaign loans, FEC, Federal Election Commission, Goldman Sachs, GOP, Heidi Cruz, New York Times, politics, Republicans, Ted Cruz
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