Cruz Didn’t Disclose Goldman Sachs Loan

Ted Cruz did not disclose a loan from Goldman Sachs, where his wife works, which helped his 2012 successful Senate bid, according to The New York Times. In May 2012, Cruz put some $960,000 of his own “personal funds” into the campaign, a figure which eventually ballooned to $1.2 million. The money came from a low-interest loan from Goldman Sachs and another one from CitiBank, totaling a maximum of $1 million that was later paid down. Neither of the loans appear in reports filed with the Federal Election Commission. The Daily Beast's Tim Mak reports that last year Cruz bashed the bank he took out a six-figure loan from. “Goldman is one of the biggest banks on Wall Street, and my criticism with Washington is they engage in crony capitalism," he said.