Shadows of Ted Cruz

Ted Cruz’s undisclosed $1M loan from Goldman Sachs

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Senator Ted Cruz’s wife, Heidi, is head of the Southwest Region in the Investment Management Division of the Wall Street investment bank Goldman Sachs …

Heidi Cruz is also a former investment banker for J.P. Morgan and a “historical member” of the Council on Foreign Relations (CFR), for which she served as a member of the CFR-sponsored Independent Task Force on the Future of North America, which a North American Union. (See “Is Ted Cruz an advocate of a North American Union?“)

Although Heidi Cruz presently is on leave, she was fully working for Goldman Sachs in 2012 when Ted obtained a low-interest $1 million loan from her employer (and from Citibank) for his senatorial campaign. To top it off, … Neither loan appears in reports filed by Cruz’s senate campaign committee with the Federal Election Commission (FEC). …

Aside from Ted Cruz’s dishonesty in not reporting the loans to the FEC, there is also the matter of his hypocrisy. In 2012 when he ran for the Senate as a darling of the Tea Party, and in his current presidential campaign, Ted Cruz presents himself as a populist for the “little man,” against Wall Street bailouts and the influence of big banks in Washington.  (It’s worse than hypocrisy imo. Mr. “I’m against the influence of big banks” while taking money from the big banks? It’s deceit.) …

As financial analyst Martin Armstrong puts it:

The dishonesty here is that Cruz has pretended to stand against the bankers…. I am sorry. But Cruz is bought and paid for and would be in the pocket of the New York Banks no different than Hillary, Bush, or the rest of them who take money from this crowd. You do not forget to report a loan from Goldman Sachs when your wife is a managing director. Come on. How stupid do we have to be to entertain this excuse?


Rand Paul confirms the above, but adds these things:

Since even before his election to the U.S. Senate, Senator Cruz pledged to help me Audit the Fed. Then, when I finally forced a U.S. Senate vote on Audit the Fed — after fighting side-by-side the Liberty Movement for five years — Senator Cruz couldn’t be bothered to show up. He was too busy campaigning.

Last year, when I took on the fight to force Section 215 of the so-called “PATRIOT Act” to expire — the section of federal code the NSA used to justify their bulk collection of innocent Americans’ phone records — Senator Cruz claimed to be advocate for reform.
Then, despite my loud objections, he voted to pass the so-called “USA Freedom Act.” Just weeks ago, in a debate exchange with Senator Rubio, we found out why. It had nothing to do with reform. Senator Cruz stated he supported the USA Freedom Act because “The old program only covered 20 to 30 percent of phone numbers . . . The new program covers nearly 100%.” That’s right. Senator Cruz admitted he’s for more spying and more data collection on American citizens.

He’s also called for making “sand glow in the dark” in the Middle East.


See also:


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