Who provided the money to pay off the loans Ted Cruz got from Citibank and Goldman Sachs?

Asked by rojo (24179

) January 14th, 2016

Just wondering where he got the money to so quickly pay off the approximately $1,000,000.00 in loans he managed to get somehow.

His original story was he liquidated his family finances to keep his campaign going but it turns out he did not but actually got loans from his wifes’ company and Citibank. As far as I can tell he is still not broke so he didn’t subsequently do so. So where did the cash come from? Koch bros? Later campaign contributions or what?

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4 Answers

You can get campaign contribution and expenditure reports at the FEC web site.

jaytkay (25810

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@jaytkay Is that the same website that is supposed to have the loans listed on it as well?

rojo (24179

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It is my understanding that Cruz collateralized his personal assets to obtain those loans the monies of which were apparently used during his Senate campaign. At some point the funds in the campaign war chest can and usually are used to pay back the candidate for any personal funds he committed to the campaign. Most every congressional/presidential/gubernatorial candidate does this. All above board see page 29 for the official GOv. rules.

Cruiser (40449

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