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Ted Cruz Apparently Believes Lying About Taking Wall Street Money Means It Never Happened

So, is part of "Texas Values" sucking at basic paperwork?

It appeared yesterday that Ted Cruz had reach the summit of Mount Hypocrisy when it was revealed that he taken a huge margin loan from his wife's employer, Goldman Sachs, to run for the Senate then failed to report it to the FEC and is now running a presidential campaign in which he repeatedly rips Wall Street for "cronyism."

When confronted with the details of his "oopsy" during last night's debate, Cruz rattled of this defense, blaming the lefty media for cooking up bullsh!t to torpedo his destiny as our first Canadian president:

"[My wife and I] took a loan against our assets to invest it in that campaign to defend ourselves against those attacks. And the entire New York Times attack -- is that I disclosed that loan on one filing with the United States Senate, that was a public filing. But it was not on a second filing with FEC and yes, I made a paperwork error disclosing it on one piece of paper instead of the other. But if that's the best the New York Times has got, they better go back to the well."

Well, funny story, The Times did go back to the well.

The Republican presidential candidate Ted Cruz, already facing scrutiny for not disclosing a Goldman Sachs loan he used for his 2012 Senate campaign, also failed to disclose a second loan, from Citibank, for the same race, according to a letter he sent Thursday to federal election officials.

That's The Times' Mike McIntire with a second scoop in as many days because Ted Cruz is basically letting him fish with dynamite.

The Citibank loan, also for as much as $500,000, was a line of credit, and it is not clear from Mr. Cruz’s letter what collateral, if any, was used to obtain it. Mr. Cruz’s presidential campaign has declined to answer questions from The Times about the Citibank loan.
Kent Cooper, a former election commission official, said the letter from the Cruz campaign was still “lacking critical information” that candidates must report, including the exact amount of the loans and whether there were any co-signers. Federal law required that those details, and more, were to be reported during the primary and general election campaigns.

So, Ted Cruz has been secretly helped along in his political career by two of New York's largest banks who have provided him with a literal sh!t ton of low-interest bridge capital, but he keeps saying things like this:

"And listen, there are many, many wonderful, wonderful working men and women in the state of New York. But everyone understands that the values in New York City are socially liberal or pro-abortion or pro- gay-marriage, focus around money and the media."

Enjoy the long weekend, Ted Cruz. Try not to break any federal election laws or engage in tacit anti-semitism though, because you're developing something of a habit for both.

Ted Cruz Failed to Report a Second Campaign Loan in 2012 [NYT]


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