Revealed: Ted Cruz's Financial Disclosure Report

[Warlord]

Revealed for the first time here at RPF is Sen. Ted Cruz's financial disclosure report.

It reveals for the first time that:


During the 12 month reporting period Cruz earned $1.6m or nearly 10x his salary as a US Senator.
Millions of dollars invested in multinational corporations and in bankster connected mutual funds.
What appears to be generous interest rates on loans including a 1.2% rate with Citibank for a "Law firm capital account" loan and a 3% interest rate on a Goldman Sachs loan with no term specified worth up to $250k.
A litany of multinational corporate clients that Cruz has represented during the period.

The report shows that his connection to the banksters doesn't end with his wife being a Vice President at Goldman Sachs but shows he has millions of dollars invested directly through them and others in mutual funds and is the recipient of a loan from Goldman's and Citibank at what looks like a generous rate.

By the way the link to the Bush's runs deep: not only was he a founder of George P's MaverickPAC which raises money, supports and promotes avowed neocons but his wife Heidi worked as an 'economic advisor' to Bush-Cheney in 99/00, appears to have been on the National Security Council and worked at the White House until 2004 where war and torture was an every day occurrence.

See for yourself:

Income



Morgan, Lewis & Bockius
$1,573,543


Goldman Sachs (Spouse)
Over $1,000


Federalist Society
$1,000


Faith West Academy
$500



Assets (Stocks/Mutual funds etc)



American Express/Savings
$1,001 to $15,000


AT&T Inc
$15,001 to $50,000


Bancorp Bank USA
$1,001 to $15,000


Bank of America
$1,001 to $15,000


Bank of America/Savings
$15,001 to $50,000


BFK
$100,001 to $250,000


BlackRock Life Path Portfolio Target D
$100,001 to $250,000


Chevron Corp
$50,001 to $100,000


Cisco Systems
$1,001 to $15,000


Citibank/Savings
$1,001 to $15,000


Coca-Cola Co
$15,001 to $50,000


DuPont Co
$15,001 to $50,000


Enterprise Products Partners
$50,001 to $100,000


Exxon Mobil
$50,001 to $100,000


Fidelity-529 MA Portfolio 2027
$50,001 to $100,000


Gartmore Nationwide Fund
$15,001 to $50,000


GIDGX
$15,001 to $50,000


Goldman Sachs
$15,001 to $50,000


Goldman Sachs Asia Equity
$1,001 to $15,000


Goldman Sachs Growth Opportunities
$15,001 to $50,000


Goldman Sachs High Yield
$15,001 to $50,000


Goldman Sachs High Yield Muni
$15,001 to $50,000


Goldman Sachs Large Cap Value
$15,001 to $50,000


Goldman Sachs Local Emrg Markets Debt
$1,001 to $15,000


Goldman Sachs Municipal Income
$50,001 to $100,000


Goldman Sachs Small Cap Value
$1,001 to $15,000


Goldman Sachs Strategic Growth
$15,001 to $50,000


Hotchkis & Wiley Mid-Cap Value
$15,001 to $50,000


ING Direct Savings
$1,001 to $15,000


JPMorgan Chase & Co
$1,001 to $15,000


JPMorgan Savings
$1,001 to $15,000


Loan To Ted Cruz For Senate
$500,001 to $1,000,000


McDonald's Corp
$15,001 to $50,000


Microsoft Corp
$1,001 to $15,000


Morgan Lewis
$250,001 to $500,000


Morgan Lewis Cash Balance Retirement P
$100,001 to $250,000


ONEOK Inc
$50,001 to $100,000


Pfizer Inc
$1,001 to $15,000


Rental Condo
$0 to $1,000


Rental House
$0 to $1,000


Texas ERS Retirement Account
$15,001 to $50,000


USAA 529 - Ace-Based Aggressive Growth
$15,001 to $50,000


USAA 529 - Aggressive Growth
$15,001 to $50,000


USAA 529 - Balanced
$15,001 to $50,000


USAA 529 - Moderate
$15,001 to $50,000


Vanguard REIT Index
$15,001 to $50,000


Vanguard Target Retirement 2035
$100,001 to $250,000


Vanguard Target Retirement 2040
$15,001 to $50,000


Verizon Communications
$1,001 to $15,000


William Blair & Co
$15,001 to $50,000


WisdomTree Japan Hedged Equity Fund
$1,001 to $15,000



Liabilities



Organization
Liability Term
Interest Rate
Type
Value


Bank of America
30 yrs
6%
Mortgage on Rental Property
$100,001 to $250,000


Citibank
10 yrs
1.25%
Law Firm Capital Account Loan
$250,001 to $500,000


Citibank

Prim
Line of Credit
$250,001 to $500,000


Goldman Sachs Morgan Loan

3%
Margin Loan

$100,001 to $250,000


US Senate Federal Credit Union
15 yrs
6.49%
Mortgage on Rental Property
$100,001 to $250,000


Wells Fargo Home Mortgage
15 yrs
5.12%
Mortgage on Rental Property
$100,001 to $250,000



Clients



Ace Cash Express
Legal Services


Albert Hill Jr
Legal Services


AstraZeneca Plc
Legal Services


B Braun Medical Inc
Legal Services


Ceva Logistics
Legal Services


Dell Inc
Legal Services


Dentsply International
Legal Services


Driscoll Childrens Hospital
Legal Services


East Wildlife Foundation
Legal Services


ELFC Holdings
Legal Services


EMD Serono Inc
Legal Services


Federation of State Medical Boards
Legal Services


Fedex Ground Package System
Legal Services


Google Inc
Legal Services


Groupe SEB
Legal Services


HCA
Legal Services


International Paper Co
Legal Services


Ivy Minerals
Legal Services


JPMorgan Chase & Co
Legal Services


Just Brakes
Legal Services


Kraft Foods
Legal Services


Lori Keith
Legal Services


National Chamber Litigation Center
Legal Services


Pfizer Inc
Legal Services


Reliance Standard
Legal Services


Republican Governors Assn
Legal Services


Robert Mericle
Legal Services


Schlumberger Technology
Legal Services


Seneca Free Trane Assn
Legal Services


Shandong Linglong Rubber
Legal Services


Toyota Motor Sales
Legal Services


Wal-Mart Stores
Legal Services



Source:
OpenSecrets (http://www.opensecrets.org/pfds/CIDsummary.php?CID=N00033085&year=2011)

[AuH20]

I have family members who work for multinational corporate clients. And some of these actually believe in secession and nullification. So employment & affiliation does not necessarily equate to membership.

[Warlord]

I have family members who work for multinational corporate clients. And some of these actually believe in secession and nullifcation. So employment & affiliation does not necessarily equate to membership.

Do they also get loans at 1.25% and 3% ?

[kathy88]

6 and under on investment property is unheard of.

[Warlord]

6 and under on investment property is unheard of.

And it appears he's paying himself a nominal rental amount of $0-$1000 (under Assets it says Rental/Condo) in order to comply with the agreement.

The properties are in California and Dallas.

[puppetmaster]

Do they also get loans at 1.25% and 3% ?
I would not be surprised if the banks have a program taylored or targeted at members of congress to buy favorable votes in exchange for these low rates. It would be a great way to buy your local congressman and make money as you do it.

[Brian4Liberty]

I would not be surprised if the banks have a program taylored or targeted at members of congress to buy favorable votes in exchange for these low rates. It would be a great way to buy your local congressman and make money as you do it.

It's a tough situation, every business can give discounts any way they want. Cops generally eat free. Free market interactions and transactions.

[Warlord]

It's a tough situation, every business can give discounts any way they want. Cops generally eat free. Free market interactions and transactions.

Getting privileged access to the Fed like Goldmans/Citibank/Wells Fargo do and buying money at 0.5% and loaning it to a politician at below market rate is not free market...

[Brian4Liberty]

Getting privileged access to the Fed like Goldmans/Citibank/Wells Fargo do and buying money at 0.5% and loaning it to a politician at below market rate is not free market...

Yeah, the banks shouldn't be getting the privileged access to Fed programs. End that.

What is the "market rate" though? Below and above average occurs in any market. Some people pay more, some people pay less.

What is more important is if there is any quid pro quo going on. Then Ted might be in trouble. Even though Senators like Feinstein seem to be immune from any ramifications for actually engaging in such activity.

[Brian4Liberty]

The properties are in California and Dallas.

I'd like to see the property he got for under $250k in California.

[whippoorwill]

bump.

[MoneyWhereMyMouthIs2]

It's a tough situation, every business can give discounts any way they want. Cops generally eat free. Free market interactions and transactions.


It will be interesting when one of those businesses gets sued for bringing those thugs around.

[Warlord]

Cruz's California property is in Simi Valley, CA:

Simi Valley is a city located in the southeast corner of Ventura County, California, bordering the San Fernando Valley of Los Angeles and is part of the Greater Los Angeles Area. The city is adjacent to Chatsworth, Los Angeles, and 30 miles from the radial area of Downtown Los Angeles. According to the United States Bureau of the Census, the city had a population of 126,874 in 2012[3] up from 111,351 in 2000.

Simi Valley is the home of the Ronald Reagan Presidential Library, where the former president was laid to rest following his death in 2004. The city is located in the valley of the same name, Simi Valley.
-

He's a Reagan worshiper?

Average property price in Simi Valley is $410k+ and he's had the mortgage through BoA since 2006, 30 years 6%. Presumably he has equity in it and a loan covering the remainder.

He has a property in DC since 2008 with a creditor described as US Senate FCU, what's that?

[compromise]

Doesn't Eduardo also work for Goldman Sachs? And didn't he also go to Harvard?

[Warlord]

Doesn't Eduardo also work for Goldman Sachs? And didn't he also go to Harvard?

This thread isn't about Eduardo...

[Warlord]

I'm wondering how he qualified for the US Senate Federal Credit Union in 2008

Anyone know?

http://www.ussfcu.org/seg/groups.php

You need to be an employee of their select group list or something.

[compromise]

This thread isn't about Eduardo...

But you would agree he's fairly devoted to liberty, right?

This stuff you keep digging up doesn't actually outright prove that Ted Cruz is an establishment tool.

[Warlord]

But you would agree he's fairly devoted to liberty, right?

This stuff you keep digging up doesn't actually outright prove that Ted Cruz is an establishment tool.

Eduardo is not an elected official so who cares?

[cornell]

None of this bothers me and it shouldn't bother you either.

If you care about advancing liberty, stick to judging politicians by their actions and the votes they take and not solely based on their rhetoric or who they are friends with, or what companies they work for or their spouses work for. Using this same logic, we can ignore actions and say that Obama is an excellent President because when he ran he claimed to be for civil liberties, closing Guantanamo, ending the wars, etc.! This obviously isn't true. This type of analysis makes no sense. We have to take a consistent approach to evaluating legislators. We cannot pick and choose, and say some legislators we'll look at their votes to judge them and others we'll ignore the votes and look at their rhetoric.

Witch-hunts like this (and this thread http://www.ronpaulforums.com/showthread.php?414720-Alex-Jones-quot-I-m-sold-on-Ted-Cruz-quot) are the reason why we are our own worst enemy and many do not take us seriously.

[Warlord]

None of this bothers me and it shouldn't bother you either.

If you care about advancing liberty, stick to judging politicians by their actions and the votes they take and not solely based on their rhetoric or who they are friends with, or what companies they work for or their spouses work for. Using this same logic, we can ignore actions and say that Obama is an excellent President because when he ran he claimed to be for civil liberties, closing Guantanamo, ending the wars, etc.! This obviously isn't true. This type of analysis makes no sense. We have to take a consistent approach to evaluating legislators. We cannot pick and choose, and say some legislators we'll look at their votes to judge them and others we'll ignore the votes and look at their rhetoric.

Witch-hunts like this (and this thread http://www.ronpaulforums.com/showthread.php?414720-Alex-Jones-quot-I-m-sold-on-Ted-Cruz-quot) are the reason why we are our own worst enemy and many do not take us seriously.

Umm no... it's merely vetting a slippery customer which Cruz most certainly is!

How can you not think this when he founded MaverickPAC which is dedicated to supporting and promoting the next generation of neocons?

Cotton and Chaffetz are holding events with them. These guys are in Congress and straight on plumb committee's like Financial Services, Foreign Affairs, Budget and the Judicial Committee.

These guys are all Establishment approved, back Boehner and will perpetually and reliably vote to bankrupt America while making a lot of double talking noise.

Meanwhile actual principled conservatives like Amash, Huelskamp etc. are booted off their committee's.

Cruz immediately gets tapped for NRSC role and Mike Lee gets what ?

[cornell]

When he sells out his principles and makes a bad vote let me know.

Until then I'll stick with what I said.

I think this is all much ado about nothing and I don't think this type of infighting is beneficial to our cause.

[Warlord]

When he sells out his principles and makes a bad vote let me know.

Until then I'll stick with what I said.

I think this is all much ado about nothing and I don't think this type of infighting is beneficial to our cause.

This isn't really infighting. We have verifiable proof that his MaverickPAC is helping elect the next generation of neocons and supporting people like Cotton even though Cruz for his own good is clever enough not to sound entirely like Cotton and he's helping nurture the neocon love child himself George P.

I imagine Cruz feels very comfortable and is welcome at Bush type events back in TX and he's helping establishment candidates.

That's not particularly good for our cause.

[angelatc]

He has a property in DC since 2008 with a creditor described as US Senate FCU, what's that?

FCU = Federal Credit Union Oh, I see you got that.

It could be a relative, or maybe he refinanced? I don't like Cruz either. I remember Bush talking about small govt, then turning into.....Bush.

[Cowlesy]

LOL @ "bankster connected mutual funds".

The Horror!

Me too!! And many others here!

[Warlord]

LOL @ "bankster connected mutual funds".

The Horror!

Me too!! And many others here!

Do you get 3% and 1.25% loans from Goldman and Citibank too?

[erowe1]

"Millions of dollars invested in multinational corporations and in bankster connected mutual funds."

Calling them banksters in this context implies that there's something wrong with this. I don't think there is.

[Cowlesy]

Do you get 3% and 1.25% loans from Goldman and Citibank too?

If I had a capital account at a law firm, probably?

[Warlord]

"Millions of dollars invested in multinational corporations and in bankster connected mutual funds."

Calling them banksters in this context implies that there's something wrong with this. I don't think there is.

It's a statement of fact. I'm not implying anything just offering an objective analysis of the report

[Warlord]

FCU = Federal Credit Union Oh, I see you got that.

It could be a relative, or maybe he refinanced? I don't like Cruz either. I remember Bush talking about small govt, then turning into.....Bush.

I'm wondering how he got that in 2008. He was still a solicitor general so maybe qualified through some national organization though I notice on the site it's mainly confined to DC staff of those organizations.

[Warlord]

If I had a capital account at a law firm, probably?

I see you have an explanation for everything Cowlesy :)

So did Chris Dodd...

What about the Senate Federal Credit Union loan from 2008? How do you get one of those?

[compromise]

This isn't really infighting. We have verifiable proof that his MaverickPAC is helping elect the next generation of neocons and supporting people like Cotton even though Cruz for his own good is clever enough not to sound entirely like Cotton and he's helping nurture the neocon love child himself George P.

I imagine Cruz feels very comfortable and is welcome at Bush type events back in TX and he's helping establishment candidates.

That's not particularly good for our cause.

Apparently Cotton confronted Cruz over his opposition to drones at an AEI event.

http://dyn.politico.com/printstory.cfm?uuid=42B23587-E4A1-4B4B-AFFA-6C7B76DB37AC

And at a closed-door March gathering hosted by the American Enterprise Institute, sources said that Cotton tangled with Texas Sen. Ted Cruz over the GOP’s orientation on national security, answering a Cruz discourse on drones with what one attendee called an “impressive critique of the Rand Paul position and what would happen if the party went down that road.”


MaverickPAC is supporting a mixed bag of candidates and that includes a few neoconservatives. Just as FreedomWorks is. Is FreedomWorks also "neocon"?

[Bastiat's The Law]

This witch hunting is getting sillier and sillier. Judge how the man votes.

[Warlord]

Apparently Cotton confronted Cruz over his opposition to drones at an AEI event.

http://dyn.politico.com/printstory.cfm?uuid=42B23587-E4A1-4B4B-AFFA-6C7B76DB37AC


MaverickPAC is supporting a mixed bag of candidates and that includes a few neoconservatives. Just as FreedomWorks is. Is FreedomWorks also "neocon"?

It's not really a mixed bag nearly every single candidate on MaverickPAC is establishment owned and approved.

[MRoCkEd]

Everything looks fine to me

[Cowlesy]

I see you have an explanation for everything Cowlesy :)

So did Chris Dodd...

What about the Senate Federal Credit Union loan from 2008? How do you get one of those?

well itshappening, if I were a freaking Senator, then PROBABLY.

Seriously, how are these financial disclosures remotely sinister? The guy is a harvard educated lawyer who has been successful at actually practicing law, and a good enough orator to become a U.S. Senator. If I was assessing his creditworthiness for loans, i'd give him those kind of rates too.

[Warlord]

He wasn't a senator in 2008 so the question remains how he got the Senate FCU loan.

[torchbearer]

goldman sachs. partners of the banking cartel?

[Warlord]

goldman sachs. partners of the banking cartel?

His wife is a Vice President.

Check out her bio:

Ms. Cruz, who graduated Phi Beta Kappa with a B.A. in economics and international relations from CMC in 1994, is a vice president in the Private Wealth Management Group at Goldman Sachs, Texas. She and her two partners work with clients to implement high net worth portfolios across a range of investments and asset classes, including complex derivatives products, private equity, hedge funds, single stock risk management, U.S. and international equities, and fixed income.

Ms. Cruz began her career as an investment banker with JPMorgan in New York, focusing on international structured finance and subsequently on Latin America mergers and acquisitions.

In 2000, she served on the Bush 2000 Campaign in Austin as one of President George W. Bush's three economic advisors. She also served in the Administration as the economic director for the Western Hemisphere at the National Security Council at the White House, advising the President and then-National Security Advisor Condoleezza Rice. She also is a former director at the U.S. Treasury Department and was special policy assistant to Ambassador Robert B. Zoellick, then Chief U.S. international trade negotiator.

In addition to her private-sector work, Heidi served on the Board of Directors of Living Water International, dedicated to providing clean water and sanitation equipment in the developing world. Her publications include the book chapter, "Expanding Opportunity Through Free Trade," in Thank You, President Bush; a chapter in Exchange Rate Policies for Emerging Market Economies; and a Harvard Case Study: "American International Group." She also is a Term Member of the Council on Foreign Relations.

After graduating from CMC, Ms. Cruz received an M.B.A. from Harvard Business School, and a master's of European Business from Universite Libre de Bruxelles in Brussels, Belgium.

[ItsTime]

Do they also get loans at 1.25% and 3% ?

I do and I don't know anyone.

[Cowlesy]

He wasn't a senator in 2008 so the question remains how he got the Senate FCU loan.

No it doesn't. You don't have to be a Senator to get a loan.


Eligibility to join the United States Senate Federal Credit Union (USSFCU) is generally based on employment or, in some cases, affiliation with one of our Select Employee Groups. Employees/Affiliates of Select Employee Groups - not all of which are Senate-related - as well as their immediate family and others in their households, may become members of United States Senate FCU.

http://www.ussfcu.org/seg/

[torchbearer]

i have a severe distrust of bankers, and when i say bankers- i'm not talking about tellers and loan officers- i'm talking about VPs, and Ps, of the cartel banks.
cruz may indeed by a trojan horse.

[Warlord]

No it doesn't. You don't have to be a Senator to get a loan.



http://www.ussfcu.org/seg/

I get that so what's the connection to Cruz? I had a look at their select employee list and I didnt think it included him?

[Slutter McGee]

What a stupid goddamn thread. My god, so the man is rich and uses banks. oh the horror.

I work for banks. Actually I design the technology that makes banks work. I actually get really good deals on my interest rates also.

goddamnit,

Slutter McGee