Interesting development. It appears the Cruz Campaign is planning to slow walk the information on the 2011/2012 campaign loans:
(Yahoo News) Ted 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. (more)
In essence the Ted Cruz campaign is saying they’ll go through the enforcement mechanism of the FEC instead of the compliance division. By going through the “enforcement division” (takes over a year) they can delay any damaging information from discovery until after the 2016 Presidential Election. Continue reading →
Click for Full Text!
