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Cruz: Failure to disclose Goldman Sachs loan that may have helped finance … – Washington Post


Cruz did not report personal loans used to help finance his Senate run, the New York Times reported. Photographer: Daniel Acker/BloombergThis story has been updated.

Sen. Ted Cruz (R-Tex.) downplayed a report late Wednesday that he had not listed personal loans he and his wife received before donating roughly the same amount to his 2012 Senate campaign, calling the matter an “inadvertent filing question.”

“The facts of the underlying matter have been disclosed for many, many years,” he told reporters in Dorchester, S.C. “All of the information has been public and transparent for many years, and that’s the end of that.”

Cruz and his wife Heidi obtained two loans, the New York Times reported Wednesday: one from Goldman Sachs, and another from Citibank that totaled about $750,000. The amount later increased to $1 million before being paid down. Heidi Cruz is a managing director at Goldman Sachs, currently on leave while her husband runs for president. Ted Cruz has railed against Wall Street and big banks, and has said Goldman and other firms get special treatment from the government. His Senate campaign drew strong support from members of the tea party movement, which is heavily critical of the government’s bailout of financial firms.

After receiving the loans, the Cruzes injected more than $1 million into his successful Senate bid.

The loans do not appear in financial disclosure forms candidates are required to file with the Federal Election Commission detailing money borrowed to finance a campaign, the paper reported.

Cruz spokeswoman Catherine Frazier told reporters with the Texas senator in South Carolina that the campaign realizes “we should’ve disclosed” the loan. “We’re asking the FEC what needs to be done to update it, if anything,” she said.

Some Cruz staffers and supporters, such as campaign rapid response director Brian Phillips, immediately launched a sardonic #CruzCrimes hashtag following the report, listing offenses like disliking avocados and leaving the refrigerator door open.

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