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Cruz balks at campaign-loan disclosure
https://www.yahoo.com/politics/cruz-turns-down-fec-on-campaign-loan-disclosure-004734177.htmlTed Cruz has rebuffed a request by the Federal Election Commission to disclose more information about some $1 million in loans he received from two major Wall Street banks during his 2012 Senate campaign.
In a letter to the FEC this week, the treasurer of Cruz’s 2012 campaign turned down a request by agency auditors to reveal in writing “the complete terms” of two personal loans Cruz received from Goldman Sachs and Citibank — the proceeds of which, he has since acknowledged, he used to finance his upstart race for the Senate.
“They’re stalling on what they should have disclosed four years ago,” charged Craig MacDonald, executive director of Texans for Public Justice, a liberal advocacy group that has filed one of two complaints with the FEC over the loan issue. “This is a critical point in the presidential campaign, and they don’t want any more new information about it coming out now.”
The Cruz campaign did not immediately respond to a request for comment. But in his March 8 letter to the FEC, Bradley Knippa, the treasurer of Cruz’ 2012 campaign, offered this explanation for declining the request from FEC auditors: It is already cooperating with another arm of the agency — its enforcement division — that is conducting a separate review of the loans in response to the complaints filed by Texans for Public Justice and another advocacy group. And those reviews are conducted under strict confidentiality rules that, Knippa argued, forbid making any more information public.
In a letter to the FEC this week, the treasurer of Cruz’s 2012 campaign turned down a request by agency auditors to reveal in writing “the complete terms” of two personal loans Cruz received from Goldman Sachs and Citibank — the proceeds of which, he has since acknowledged, he used to finance his upstart race for the Senate.
“They’re stalling on what they should have disclosed four years ago,” charged Craig MacDonald, executive director of Texans for Public Justice, a liberal advocacy group that has filed one of two complaints with the FEC over the loan issue. “This is a critical point in the presidential campaign, and they don’t want any more new information about it coming out now.”
The Cruz campaign did not immediately respond to a request for comment. But in his March 8 letter to the FEC, Bradley Knippa, the treasurer of Cruz’ 2012 campaign, offered this explanation for declining the request from FEC auditors: It is already cooperating with another arm of the agency — its enforcement division — that is conducting a separate review of the loans in response to the complaints filed by Texans for Public Justice and another advocacy group. And those reviews are conducted under strict confidentiality rules that, Knippa argued, forbid making any more information public.
Does this clinch it for Drumpf?
