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# GOP DEBATE 011416: Cruz responds to Goldman Sachs loan controversy

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## Video: GOP DEBATE 011416: Cruz responds to Goldman Sachs loan controversy

[Watch (HLS stream): GOP DEBATE 011416: Cruz responds to Goldman Sachs loan controversy](https://cdn.jwplayer.com/manifests/2n9gKFMj.m3u8) (1:45)

![GOP DEBATE 011416: Cruz responds to Goldman Sachs loan controversy](https://cdn.jwplayer.com/v2/media/2n9gKFMj/poster.jpg?width=720)

_Published 2016-01-15. GOP DEBATE 011416: Cruz responds to Goldman Sachs loan controversy_


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Jul 27, 2023 7:27 PM UTC

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---


## Transcript

A million dollars is inadvertent. Well, thank you Maria for passing on that hit piece on the front page of the New York Times. You know the nice thing about the mainstream media, they don't hide their views. The New York Times a few weeks back had a columnist who wrote a column saying anybody but Cruz. Actually that same columnist wrote a column comparing me To an evil demonic spirit from the movie It Follows that jumps, apparently, from body to body possessing people. So the New York times and I don't exactly have the warmest of relationships. Now, in terms of their really stunning hit piece, what they mention is when I was running for senate Unlike Hilary Clinton, I don't have masses of money in the bank, hundreds of millions of dollars.

When I was running for Senate, just about every lobbyist, just about all of the establishment opposed me in the Senate race in Texas. And my opponent in that race was worth over $ 200 million. He put a $ 25 million check Up from his own pocket to funded that campaign. And my wife Heidi and I, we ended up investing everything we own, we took a loan against our assets to invest it in that campaign to defend ourselves against those attacks and the entire New York Times attack Is that I disclosed that loan on one filing with the United States Senate that was a pubic filing but it was not on a second filing with the FEC both of those filings were public and yes I made a paperwork error disclosing it on one piece of paper instead of the other, but if that's the best hit the New York Times has got, they better go back to the well.

[ APPLAUSE ]

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