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PappaCoon

Joined: 08/20/2015 Posts: 268
Likes: 152


With all due respect


your hatred of Cruz is clouding the conversation. Cruz needed money to start his campaign. He owned personal investments that he could use to start the process. He had a choice to either cash in those investments and insert the cash into his campaign or to borrow money against the realized margins of those investments (not the principal investment). He chose to utilize borrowed money with a 3% interest rate. Now that the starting funds were secured he could file to start his campaign and start receiving donations. Once the donation level was great enough to repay the initial insertion of borrowed capital he repaid the loan. All of the campaign donations made in are being spent on the campaign. The word "personal" is being misappropriated.

(In response to this post by Gateway)

Posted: 01/14/2016 at 3:31PM



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Current Thread:
  OK, the equities? Total of 400K or so? -- buffdad 01/14/2016 2:46PM
  Answered that below -- buffdad 01/14/2016 3:51PM
  OK, lets just say it's Daddy -- buffdad 01/14/2016 2:06PM
  So, how will he pay it back? ** -- Gateway 01/14/2016 2:29PM
  He already has. Campaign contributions -- 93Buff 01/14/2016 2:38PM
  I looked into that -- buffdad 01/14/2016 2:52PM
  Re: He already has. Campaign contributions -- Gateway 01/14/2016 2:47PM
  Um. The loans were for the campaign. Wtf. ** -- 93Buff 01/14/2016 2:52PM
  With all due respect -- PappaCoon 01/14/2016 3:31PM
  Re: With all due respect -- Gateway 01/14/2016 4:06PM
  Re: With all due respect, again -- buffdad 01/14/2016 3:41PM
  Re: Re: With all due respect, again -- PappaCoon 01/14/2016 3:51PM
  Perhaps, in a strict legal sense -- buffdad 01/14/2016 3:57PM
  Again, no. -- 93Buff 01/14/2016 3:48PM
  Yeah, I know -- buffdad 01/14/2016 3:54PM
  No, BUT THEY DID HAVE A question or two -- buffdad 01/14/2016 4:19PM
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