Not really a diary, since it’s kind of breaking news, but…
The New York Times is now reporting that Ted Cruz obtained a loan from Citibank and failed to report it in FEC filings. This would be the second loan the Cruz Campaign failed to report, the first being one from Goldman-Sachs, as reported earlier in the week by the Times.
The loan, according to Times reporting, is a line of credit, but the Times was unclear about what collateral was offered in exchange for that line of credit. The line of credit was for $500,000, according to the paper.
Cruz disclosed the loan in a letter to the FEC, where he stated that it, and the Goldman loan, were “inadvertently omitted” from FEC filings, according to the letter.
As I said, not much of a diary, but the Times just broke this a few minutes ago. I’m sure there will be more reporting coming soon.
In the meantime, the Times article provides more information: www.nytimes.com/...