FEC faults Cruz on Goldman Sachs loans in rare unanimous vote

[TomCADem]

Source: The Hill

The Federal Election Commission (FEC) on Thursday said that Sen. Ted Cruz (R-Texas) improperly accounted for Goldman Sachs loans he received during his 2012 Senate campaign.

The FEC’s finding, which was posted on its website, marked a rare moment of agreement between the agency’s five commissioners.

The commissioners voted unanimously that $1.1 million in loans to Cruz’s 2012 Senate bid from Goldman Sachs Group Inc. and Citigroup Inc. should have been disclosed to voters. The loans first came to light during Cruz's GOP primary bid in last year's presidential election.

* * *
Cruz said during his 2012 run that he was financing his bid in part with personal funds, liquidating his assets to compete a well-funded opponent.

Read more: http://thehill.com/homenews/senate/335262-fec-faults-cruz-on-goldman-sachs-loans-in-rare-unanimous-vote

[BumRushDaShow]

1. So here we are 5 years later...

[Duppers]

2. So what are the consequences to him personally?

If any?

[dhill926]

3. my question as well....

[grantcart]

4. He cannot become Prime Minister of Canada

They are very strict about this kind of stuff up there.

Here he will have to take a time out and spend one lunch in his office with food delivered.

[Ligyron]

6. That plus double secret probation.

[progressoid]

7. "The FEC did not specify whether Cruz would face a penalty,"

In other words, 'tsk, tsk, tsk Mr. Cruz.'

If you do this again, you also receive a sternly written letter!

[Marie Marie]

8. Consequences? What are these consequences you speak of?

There are no consequences for Republicans. Now hold out your hand Sen Cruz so that we may gently slap it.

[Tribalceltic]

5. Lock him up ... Lock them all up!