Ted Cruz And The Wall Street Connection

by Roger Stone
April 3, 2016


It was disturbing enough when Senator Ted Cruz announced that Neil Bush, brother of Jeb and George W., would be a Finance Chairman of his campaign.

Neil defrauded U.S. taxpayers out of $1.5 billion dollars in a savings and loan scam. Now however, Cruz has announced a key appointment that should disturb voters even more.

Cruz named Former Texas Senator Phil Gramm as his economic guru. This guy virtually crashed the U.S. economy. Gramm is largely responsible for two bills which led to the speculative bubble which popped in September 2008. First was his Gramm-Leach-Bliley bill that repealed Glass Steagall, which separated investment banking from commercial banking. Its repeal — which was signed into law by President Clinton, with the backing of Robert Rubin and Larry Summers — opened the door for a flood of money, from commercial banks, to flow into mortgage-backed securities and other funny-money schemes, which blew up in 2008.

The second bill was the Commodity Futures Modernization Act (CFMA), which totally freed derivative trading from any regulatory oversight. This was another Phil Gramm bill, and was central to the bubble creation from 2000 to 2008, and then again today.

29 Comments - what are your thoughts?

  • Seedman says:

    Ted Cruz is no teddy bear but for a competent president Ted fits the bill to a T. Mona Charen is correct in that Trump is unfit for the party nomination and cites several examples which show his habitual cruelty and emotional instability. I believe there is a good chance Donald will suspend his campaign soon.

    1. snowyriver says:

      But but but if you had read the Constitution of the United States before commenting you would know that Ted Cruz is not eligible for the office of president.

  • paulyz says:

    Another reason the Establishment in Wisconsin is endorsing Cruz is because the Dairy Industry is anti-Trump, as they hire many Illegals. Always selfush, self-interests ahead of Country!

  • Ken says says:

    Ted and Heidi Cruz are Bush Family groomed and trained – Ted the “Conservative” and Heidi the Establishment Power Broker. No one gets on the Board of Goldman Sacks or the Council on Foreign Relations being a Texas Senators housewife. Watch the body language between Ted and Heidi. That is a marriage for power and nothing more.

  • snowyriver says:

    Someone please prove to me that someone born in Canada with a father who was a Cuban citizen can be eligible for the office of president.

    1. Ron Thomas says:

      He can’t.

  • hum4me says:

    Thank you Rodney S. for speaking for “WE the People”, I think that you are right, Its time for a real change, away from the Government, it has too much power, and the people within it are corrupt as can be.

    1. Patricia Shoemaker says:

      Yes I agree, look what a hard time Trump is having due to the good old boys. We have to fight people if we want our Free America

  • Webb says:

    #WithOutCruzWeLose…

    1. Ron Thomas says:

      You’re crazy

      1. Webb says:

        Yes, I am, But #WithOutCruzWeLose!

        1. Ron Thomas says:

          With Cruz, the nation lose because he won’t be able to beat the democratic nominee. But if Trump runs on Independent then we have a chance.

    2. Patricia Shoemaker says:

      Cruz IS the loser. Wife filed for divorce 2 x for infidelity. He is as crooked as they say. BE CAREFUL!

      1. Jessie Bolen says:

        Where’s the proof. He is the most honorable and qualified candidate.

  • Rodney Steward says:

    We have 2 parties, the system, or establishment and the people! And the people have made it clear that we want change, and not the change coming from a total looser like we have now!

  • gf says:

    Ted Cruz: “I am “Cruz’in”, for a “bruise’in”! You have to think that way. Considering, the bone headed decisions he makes. Of course, Donald J. Trump, is amused!

    1. Ron Thomas says:

      If Cruz is elected President, he would be like a Cruz missle (cruise missle) to our already out of hand national debt. NO CRUZ! YES TRUMP!!!

      1. Jessie Bolen says:

        Trump had many failed businesses and filed bankruptcy 4 times on Casino hotels many investors lost big time. Trump University scammed the student and is being sued for fraud.
        He tries to destroy anyone who gets ahead in the pools and when Politifacts fact checked his statements they found that he was telling a lie a minute .

        1. Ron Thomas says:

          You don’t think politicians tell lies, or file bankruptcy? Anyone can file, it’s given to us by the federal govt in starting anew. But it has a 7 year limitation on doing it. Doing what is normal regarding businesses, is ok. I don’t have the facts regarding the university but I think folks make bad judgments on education by going to Lasalle, Devry, UTI, or trade school. They should focus on States Board of Regents instead of dingaling schools.

    2. Patricia Shoemaker says:

      And his Dirty Grin

      1. Ron Thomas says:

        How does a grin relate to dirty? That’s your perception.

    3. Jessie Bolen says:

      Ted Cruz has the highest IQ than any of the candidates. check out:

      Ever Had a Look at Ted Cruz’s Resume? It’s BLOWING MINDSCruz Resume

      1. Ron Thomas says:

        Who cares what his IQ is? That doesn’t say anything other than those with high IQs usually have problems with trying to live normal lives.

  • paulyz says:

    Why we don’t want politicians, all corrupt, pressured by Establishment. Why we have wanted Trump, & like Carson, who endorsed him.

    1. Ron Thomas says:

      Agree

      1. paulyz says:

        A big reason why the Wisconsin Establishment backs Cruz, is because the Dairy Industry is anti-Trump, because they want cheap Illegal Alien labor. The Dairy Industry is a powerful lobby in Wisconsin.

        1. Jessie Bolen says:

          Trump likes cheap illegal labor too. Who do you think builds his buildings. Legal and illegals latinos

          1. paulyz says:

            Incorrect generalization, only a few of the contractors used Illegal labor, partly because with Liberal Laws against even asking if they are Legal or not, can get a contractor in trouble, plus the Democrat-Socialist Party & Obama have OPPOSED Mandatory E-verify.

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