Tag Archives: Citibank

Oops . . . another loan goes unreported

cruz

Here it goes again.

First it was a loan from Goldman Sachs to his 2012 U.S. Senate campaign that has caused some head-scratching. Now a second loan to Ted Cruz’s campaign has been discovered to have been omitted from required election campaign filings.

Is there a third, or fourth or fifth loan out there that the Republican presidential candidate failed to report properly?

The second loan was a $500,000 sum from Citibank directly to Cruz’s Senate campaign in Texas.

The GOP presidential contender’s campaign said the failure to report the loans to the Federal Election Commission was “inadvertent” and would be corrected.

OK, fine.

I’ll point a couple of quick points.

One is that Cruz campaigned for the Senate against Wall Street giant banking institutions. Yet he took money from the one of the big ones, which also employed his wife at the time.

Two is that Cruz has been tossing the word “lawless” around with abandon while describing the Obama administration’s actions. Let’s be careful — shall we? — with that kind of harsh language, senator.

Hey, maybe all this is as Cruz’s campaign describes it. An oversight that can be corrected quickly.

If, however, we get more of this kind of thing trickling out, it’s fair to wonder if a pattern is beginning to emerge.