UPDATE –– 1:25 am EST: Following the release of the Times report, people uncovered the following document on which Cruz did, in fact, disclose the loan:
Ted Cruz's primary runoff against Dewhurst was July 31, 2012. He publicly disclosed the margin loan July 9, 2012. pic.twitter.com/8yyV4zxrV9
— Phil Kerpen (@kerpen) January 14, 2016
ORIGINAL STORY BELOW:
In 2012, Cruz was campaigning for the Texas Senate seat as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington, and the loans could have conveyed the wrong impression about his candidacy, the Times said.
Speaking to reporters on Wednesday after a campaign event in Dorchester, South Carolina, Cruz called the failure to disclose the loans to the FEC a “technical and inadvertent filing error.”
“Those loans have been disclosed over and over and over again on multiple filings. If it was the case that they were not filed exactly as the FEC requires, then we’ll amend the filings. But all of the information has been public and transparent for many years,” he said.
Catherine Frazier, a spokeswoman for Cruz, said Cruz had taken out the Goldman Sachs loan against his own assets and had paid off the loan in full.
Cruz and his wife, Heidi, who is on leave as a managing director at Goldman Sachs, also received a loan from Citibank for up to $500,000, but it was not clear whether that money was used in the campaign, the newspaper said.
There was no evidence the Cruzes got a break on their bank loans, which were disclosed in personal financial statements filed with the U.S. Senate, according to the newspaper.
Check out what people are saying about this new finding:
— BoobsForRand (@BoobsForRand) January 14, 2016
Dark Money: Ted Cruz Bought His Senate Seat With A Secret Loan From Goldman Sachs https://t.co/mUeo4CfJxm
— Serpentine202 (@Serpentine202) January 14, 2016
— Pacific Sanctum (@preueth) January 14, 2016
— Paula Feese (@PaulaFeese) January 14, 2016
Ted Cruz forgot to report Goldman Sachs loan? That’s like trying explain away that you forgot to report that you robbed taxpayers. — UV (@UltraVerified) January 14, 2016
.@nytimes How about that. And Ted Cruz devoted, submissive to Dominionists wife works at Goldman/Sachs. Only $1/2Mil is easy to miss.
— Puesto Loco (@PuestoLoco) January 14, 2016
How do you think this will affect his campaign? Will it damage him or can he pull through? Share your comments below!