Ted Cruz’s Failure to Disclose Wall Street Loan is a Real Legal Problem

[KamaAina]

http://www.mediaite.com/online/ted-cruzs-failure-to-disclose-wall-street-loan-is-a-real-legal-problem/

The recent revelation that Republican hopeful Ted Cruz failed to disclose a 2012 $1 million loan from the Wall Street investment bank, Goldman Sachs, raises legitimate legal concerns, and could spell trouble for the presidential hopeful.

The New York Times first reported that campaign disclosure reports show that before a scheduled run-off in the May 2012 senatorial election, Cruz received a low-interest loan from his wife’s bank, which his campaign committee never reported to the Federal Election Commission.

The Cruz camp is brushing this all off as a BIG oversight. Cruz promised to immediately amend the filing if there were any problems. The Texas Senator said that he and his wife put their liquid net worth into the campaign and the loans in question were “disclosed over and over and over again.”

That’s great but here’s the problem: what he did could still be a violation of federal law.

Could we deport him to Canada?

[Faux pas]

1. Couldn't we deport him

a lot farther away? Like maybe back to his home planet?

[jmowreader]

4. You really want to waste a good rocket for that?

Let's deport his sorry ass back to the land of his father and be done with it.

[central scrutinizer]

6. I'm sure Cuba doesn't want this asshole

Nfm

[jmowreader]

8. Then what are we gonna do with him?

The Canadians don't want him. We don't want him. The Cubans don't want him. Mexico has already threatened the most ultimate retaliation - increasing their Cuervo export quotas - if we send him there. And Somalia's already said, "he's your fucking problem. You deal with him."

[Faux pas]

14. Lol I dislike and distrust him so much

I'd feel safer if he were on a planet far far away.

[madokie]

9. I'm thinking more to where he belongs

to hell. I don't even believe in that stuff but he sure does so lets send him where he belongs.

[Faux pas]

15. Aren't we afraid that he'd probably

end up ruling hell? Great answer tho'.

[hifiguy]

2. May it explode in his face

like a loaded cigar.

[sharp_stick]

3. Damn I hope so

nothing would see me happier than this psycho removed from contention for President. Of all the crazies running for the GOP nomination I think Cruz is the most dangerous.

[SammyWinstonJack]

5. +1000000.

[Vinca]

7. I don't think they'd take him back.

Rumor has it the day he renounced his citizenship is going to become a national holiday.

[summerschild]

10. I think he "forgot" to report it because he

was wooing the tea party vote at the time. Doubt they would of looked kindly to a Goldman Sach loan.....

[Kingofalldems]

11. Watch for the phrase 'arcane campaign regulations' coming real soon.

[gratuitous]

12. Got that right

But considering the sorry state of campaign regulations, isn't it weird how so many Republicans (like Cruz) and other conservatives (like D'Souza) still can't figure out how to skirt such a threadbare system?

What's most interesting to me is that when Cruz was running in 2012, he was busy bad-mouthing the economy to the voters, but he and his wife took out a loan that was very dependent on the continued good performance of the economy and the stock market. He was telling his supporters one thing, while gambling his personal, professional, and political life on exactly the opposite.

I wonder if Cruz's supporters ever consider this contradiction? He put his money where his mouth wasn't.

[Octafish]

13. Hey, it worked for Clarence ''Big Pube'' Thomas.

Forgetting to tell the IRS about all that he made.