Ted Cruz has been outed as the complete and utter slime-ball that most of us already knew he was. Turns out Teddy has committed a big no-no and is now being investigated by the Federal Election Commission (FEC). Most of you likely had an idea that Cruz had no moral compass just by the disingenuous look he has painted on his face like every waking moment of his life.
Cruz, who preached nothing but reduction of big government spending in order to get elected into congress, has been keeping a naughty little secret that could get him into some seriously hot water. It appears that Cruz was full of sh*t when he claimed that he funded his Senate campaign by liquidating his assets. He claims to have had this talk with his wife, Heidi:
‘Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign, who readily agreed.’
That turned out to be a complete lie, with a whopping $1 million dollar loan found that had been mysteriously left off the campaign books. The massive loan came from Goldman Sachs, which is where Mrs. Cruz works, of course. The real kicker is that federal campaign finance laws clearly state that any donations from corporations must be reported.
According to NY Times, Cruz during an interview several years ago that he:
‘..put ‘personal funds’ totaling $960,000 into his Senate campaign. Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million — which is all we had saved.’
The Times continues:
‘A review of personal financial disclosures that Mr. Cruz filed later with the Senate does not find a liquidation of assets…What it does show, however, is that in the first half of 2012, Ted and Heidi Cruz obtained the low-interest loan from Goldman Sachs, as well as another one from Citibank. The loans totaled as much as $750,000 and eventually increased to a maximum of $1 million before being paid down later that year.‘
Candidates are required to prove where their campaign money comes from so that the voters understand exactly who the politician is working for. Especially when you run a campaign like Ted Cruz, who’s main concerns were to make President Obama look bad at every turn and crying about big government.
Cruz made statements about Goldman Sachs’ shady business with the federal government during his campaign. Turns out he said “like many other players on Wall Street and big business, they [Goldman Sachs] seek out and get special favors from government” around the exact time that he received the loan. It is also no coincidence that his wife was a managing director at the company at the same time.
Campaign spokesperson for Ted Cruz, Catherine Frazier was forced to release this bullsh*t statement:
‘The failure to report the Goldman Sachs loan, for as much as $500,000, was inadvertent…there had been no attempt to hide anything…These transactions have been reported in one way or another on his many public financial disclosures and the Senate campaign’s F.E.C. filings.’
How very convenient. He just forgot about the million dollar loan that he received from a company that he was supposedly fighting against. The only reason Goldman Sachs would be in on something like this would be because Cruz has promised them something in the future. Think on that.
Featured Image via Bloomberg