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Ted Cruz rails against ‘crony capitalism’ — and praises wife’s Goldman Sachs career
By Nick Gass
3/25/15 9:00 AM EDT
Updated 3/25/15 12:16 PM EDT
Ted Cruz is sounding off against Wall Street and financial institutions, including Goldman Sachs, where his wife, Heidi, works as a managing director in Houston.
Asked whether Goldman Sachs is a positive or negative force in society, the Texas senator and recently declared Republican presidential candidate told Bloomberg Politics on Tuesday that there’s a little bit of both.
“Goldman is one of the biggest banks on Wall Street, and my criticism with Washington is they engage in crony capitalism,” he said. “They give favors to Wall Street and Big Business, and that’s why I’ve been an outspoken opponent of crony capitalism, taking on leaders in both parties.”
The candidate said that like other firms, Goldman seeks out and receives favors from the government.
“I think they’re entitled to practice their business, but without subsidies or special benefits,” he told John Heilemann and Mark Halperin.
Cruz mentioned the Dodd-Frank Act specifically, saying that it has failed on its promise to stop “too-big-to-fail” institutions from growing.
Goldman Sachs received $10 billion in taxpayer money from the Treasury following the 2008 financial crisis, repaying the funds with interest in less than a year.
Read more: Ted Cruz rails against crony capitalism and praises wife s Goldman Sachs career - Nick Gass - POLITICO
But he's not corrupt and there's not conflict of interest.
Nope.
Not at all.
And, to be fair, by RW standards, he's clean as a whistle!
And of course, his health insurance came from wifey's employment - until he declared. Then, she quickly resigned and he signed up for ObamaCare, saying it was a 'good thing', even though he's working to repeal it.
Makes me remember Nixon.
Okay, RWs, bring on the excuses.
By Nick Gass
3/25/15 9:00 AM EDT
Updated 3/25/15 12:16 PM EDT
Ted Cruz is sounding off against Wall Street and financial institutions, including Goldman Sachs, where his wife, Heidi, works as a managing director in Houston.
Asked whether Goldman Sachs is a positive or negative force in society, the Texas senator and recently declared Republican presidential candidate told Bloomberg Politics on Tuesday that there’s a little bit of both.
“Goldman is one of the biggest banks on Wall Street, and my criticism with Washington is they engage in crony capitalism,” he said. “They give favors to Wall Street and Big Business, and that’s why I’ve been an outspoken opponent of crony capitalism, taking on leaders in both parties.”
The candidate said that like other firms, Goldman seeks out and receives favors from the government.
“I think they’re entitled to practice their business, but without subsidies or special benefits,” he told John Heilemann and Mark Halperin.
Cruz mentioned the Dodd-Frank Act specifically, saying that it has failed on its promise to stop “too-big-to-fail” institutions from growing.
Goldman Sachs received $10 billion in taxpayer money from the Treasury following the 2008 financial crisis, repaying the funds with interest in less than a year.
Read more: Ted Cruz rails against crony capitalism and praises wife s Goldman Sachs career - Nick Gass - POLITICO
But he's not corrupt and there's not conflict of interest.
Nope.
Not at all.
And, to be fair, by RW standards, he's clean as a whistle!
And of course, his health insurance came from wifey's employment - until he declared. Then, she quickly resigned and he signed up for ObamaCare, saying it was a 'good thing', even though he's working to repeal it.
Makes me remember Nixon.
Okay, RWs, bring on the excuses.
