One day after announcing himself as presidential candidate, Texas Senator Ted Cruz fired a few shots across the bow of Wall Street, and the firm that employs his wife as managing director. In an interview with Bloomberg's With All Due Respect, Cruz was asked by host Mark Halperin whether, on balance, Goldman Sachs was a positive or a negative force on society. "Like any institution, there's some of both," Cruz responded, adding, "Goldman is one of the biggest banks on Wall Street, and my criticism with Washington is they engage in crony capitalism. They give favors to Wall Street and big business and that's why I've been an outspoken opponent of crony capitalism..." [Bloomberg via Lauren LaCapra]
Ted Cruz's Wife Taking A Little Break From Goldman Sachs
As a seasoned money manager, she's made sure to hedge her bets on how long that break might be.