Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $34,736
39%  
Woo hoo!! And the first 39% is in!! Thank you all very much!!

Keyword: broadwaybank

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  • Ex-Rezko partner bankrupt

    02/16/2009 10:09:35 AM PST · by STARWISE · 7 replies · 733+ views
    Chicago Sun Times ^ | 2-16-09 | Tim Novak
    Tony Rezko's former development partner is broke. ### Dan Mahru -- a lawyer who became an ice peddler and real estate developer -- has filed for bankruptcy, declaring that he and his business partners, including Rezko, owe as much as $95 million to creditors. Mahru estimates his personal debts could be as high as $50 million. Mahru and Rezko split a few years ago. But they're still fighting dozens of lawsuits filed over housing developments they built. "I couldn't handle all the multitude of lawsuits involving Mr. Rezko,'' Mahru says. Mahru lists $48,970.61 in assets in the bankruptcy case he...
  • Rezko gave Gutierrez a deal on town house (Gutierrez, IL Dem Rep)

    11/14/2010 8:06:03 PM PST · by STARWISE · 11 replies
    Chicago Sun Times ^ | 11-8-10 | Natasha Korecki
    Congressman told FBI he asked for -- and got -- free home upgrades ### Convicted political fixer Tony Rezko gave U.S. Rep. Luis Gutierrez free upgrades on a riverfront town house after the congressman asked for them, Gutierrez told the FBI, the Chicago Sun-Times has learned. Gutierrez's comments to federal agents in a previously undisclosed 2008 interview contradict what the congressman told the Sun-Times in 2006 about the purchase. "I walked in with my wife -- as any other consumer could have -- and purchased the unit at the listed price, with no considerations," the Northwest Side congressman said then,...
  • Kirk tries to link Giannoulias to Saddam Hussein

    08/09/2010 2:21:56 PM PDT · by STARWISE · 11 replies
    Sun Times ^ | 8-9-10 | Abdon Pallasch
    On a day that Democrat Alexi Giannoulias released a new commercial slamming him as a liar, Republican Mark Kirk tried to shift the focus back onto Giannoulias’ family bank, saying the bank gave a loan to Nadhmi Auchi, who Kirk said sold arms to Saddam Hussein. “According to the New York Times, he was a banker to Saddam Hussein,” Kirk said of Auchi. “And According to the Observer of London, he was a middleman in the billion-dollar naval arms deal between Hussein and the Italian Navy.” Voters should care, Kirk said: “This is not political Kryptonite -- this is Hemlock,”...
  • A new headache for Giannoulias? Another Rezko loan (just in time for -0's visit 8/5 ;)

    08/02/2010 1:19:50 PM PDT · by STARWISE · 25 replies · 12+ views
    Sun Times ^ | 8-2-10 | Abdon M. Pallasch, Chris Fusco, Tim Novak
    By February 2006, businessman and political fixer Tony Rezko was already politically radioactive, caught up in a federal investigation that would see him criminally charged by the end of that year. News reports had linked Rezko, a key adviser and campaign fund-raiser for then-Gov. Rod Blagojevich, to shady deals involving state pension funds -- among the crimes that ultimately would send him to prison. In 2006, Tony Rezko (inset) sought a loan to develop a 62-acre parcel of land at Roosevelt and Clark. (Rezko, Auchi) This was the Tony Rezko who, looking for millions of dollars for a massive South...
  • Too Green To Fail?

    05/21/2010 5:38:14 PM PDT · by Kaslin · 316+ views
    IBD Editorials ^ | May 21, 2010 | Investors Business Daily staff
    Scandal: Sometimes banks are too small to fail, such as when they are in the president's hometown, deal with the president's friends and serve the president's agenda. Or should we perhaps say too connected to fail? ShoreBank's Web site boasts: "Van Jones saves at ShoreBank so his money fights for green jobs just like he does." It proudly notes, "According to former Vice President Al Gore, 'Van Jones demonstrates conclusively that the best solutions for the survivability of our planet are also the best solutions for everyday Americans.' " That may tell us all we need to know about ShoreBank...
  • OBAMA'S 'MOB-TIE' $IDEKICK ( Giannoulias and )

    04/24/2010 11:23:49 PM PDT · by george76 · 11 replies · 841+ views
    NEW YORK POST ^ | September 5, 2007 | CHARLES HURT
    A man who has long been dogged by charges that the bank his family owns helped finance a Chicago crime figure will host a Windy City fund-raiser tonight for Sen. Barack Obama. Alexi Giannoulias, who became Illinois state treasurer last year after Obama vouched for him, has pledged to raise $100,000 for the senator's Oval Office bid. Before he promised to raise funds for Obama, Giannoulias bankrolled Michael "Jaws" Giorango, a Chicagoan twice convicted of bookmaking and promoting prostitution. Giannoulias is so tainted by reputed mob links ... Giannoulias was the bank's vice president and chief loan officer for most...
  • FDIC shuts down 7 banks in Illinois ( and Democrat Giannoulias )

    04/24/2010 10:55:01 AM PDT · by george76 · 18 replies · 606+ views
    ap ^ | Apr. 23, 2010 | STEVENSON JACOBS
    Regulators on Friday shut down seven banks in Illinois, putting the number of U.S. bank failures this year at 57. The failure of Broadway Bank is expected to cost the FDIC's deposit insurance fund $394.3 million...Broadway Bank was owned by the family of Illinois Treasurer Alexi Giannoulias, a Democrat who is running for President Barack Obama's old Senate seat. There were 140 bank failures in the U.S. last year, the highest annual tally since 1992 at the height of the savings and loan crisis. They cost the insurance fund more than $30 billion. Twenty-five banks failed in 2008 and only...
  • Bank Tied to Candidate Is Shuttered

    04/24/2010 4:24:10 PM PDT · by La Enchiladita · 6 replies · 798+ views
    Wall Street Journal ^ | April 24, 2010 | Victoria McGrane
    <p>Illinois regulators Friday shuttered a Chicago bank closely tied to the Democratic candidate running for President Barack Obama's former U.S. Senate seat.</p> <p>Broadway Bank is owned by the family of Illinois state Treasurer Alexi Giannoulias, who is locked in a competitive race in this year's elections. His role at the institution has become a central issue in the race.</p>
  • Broadway Bank’s Failure A Twin Blow For Giannoulias

    04/24/2010 5:57:44 AM PDT · by raptor22 · 29 replies · 976+ views
    Chicago Tribune ^ | April 24, 2010 | Becky Yerak
    Broadway Bank, the family-owned lender that helped launch U.S. Senate candidate Alexi Giannoulias' political career, was seized by government regulators Friday night, one of seven Illinois institutions taken over and sold to healthier companies. The failure of Chicago-based Broadway, which was unable to raise the $85 million it needed to remain independent, was anticipated, and its worsening health has weighed on Giannoulias' Democratic bid for President Barack Obama's old Senate seat. The bank had been struggling in recent years with real estate loans gone bad, losing $75 million last year. Giannoulias worked for his father at Broadway before entering politics,...
  • Giannoulias' Bank Fails

    04/23/2010 9:36:44 PM PDT · by CaroleL · 5 replies · 322+ views
    TalkingSides.com ^ | 04/24/10 | CaroleL
    Broadway Bank, owned by the family of Illinois Treasurer, Senate Candidate and Barack Obama ally Alexi Giannoulias (D), was shut down by federal regulators on Friday. While Mr. Giannoulias tried to portray his "father's bank" as a victim of a bad economy, his political opponent sees it differently. A spokeswoman for US Representative Mark Kirk (R) said, "While years of risky lending schemes, hot money investments and loans to organized crime led to today's failure, it's a sad day for Broadway Bank employees who may lose their jobs due to Mr. Giannoulias' reckless business practices."
  • Feds Enter Giannoulias' Family Bank (Obama buddy - it's closed)

    04/23/2010 4:09:03 PM PDT · by STARWISE · 59 replies · 1,365+ views
    Regulators prepare to seize Broadway Bank Updated: Friday, 23 Apr 2010, 5:53 PM CDT Federal regulators prepared to seize control of the bank run by the family of U.S. Senate Candidate Alexi Giannoulias late Friday after the bank could not raise enough money to remain afloat.
  • Alexi Giannoulias: All Audacity, All The Time (Chicago/Obama Way)

    04/16/2010 12:04:20 PM PDT · by STARWISE · 20 replies · 619+ views
    Big Government ^ | 4-16-10 | Doug O'Brien
    At some point in the past few weeks, Illinois Treasurer Alexi Giannoulias was sitting in his million-dollar Chicago condo wondering how he could possibly stop the death spiral of his campaign for the United States Senate. Obama-Giannoulias-filtered It had all seemed so perfect just a few months ago—The dashing and urbane Alexi had burst on the political scene only four years ago spending millions of his parents money to win statewide office in his very first foray into politics. He shot hoops with his role model and political patron, Barak Obama. He had wealth, charisma, connections and unbridled ambition and...
  • Illinois Senate: Giannoulias takes a hit (loses 16 pt advantage for Obama's seat)

    04/06/2010 2:42:39 PM PDT · by Liz · 94 replies · 1,426+ views
    politico.com ^ | 4/6/10 | JOSH KRAUSHAAR
    Democrat Illinois Senate candidate Alexi Giannoulias's polling numbers have taken a hard hit since he won his party's Senate nomination two months ago. Giannoulias now trails GOP Rep. Mark Kirk by 4 points, lagging 33% to 37% according to a survey released Tuesday by Public Policy Polling. That's a 16-point reversal of fortune since the days before his state's February primary, when PPP showed Giannoulias leading Kirk, 42% to 34%. Excerpt.....more at site.
  • The Obama-Giannoulias-Mob Connection

    04/02/2010 11:47:16 AM PDT · by CaroleL · 4 replies · 438+ views
    TalkingSides.com ^ | 04/02/10 | CaroleL
    For years there have been under-reported connections between organized crime, Illinois Senate Candidate Alexi Giannoulias and President Barack Obama. But it has just gotten tougher for the president's main stream media accomplices to keep under reporting and Mr. Giannoulias may be the next Jeremiah Wright or Bill Ayers for the administration.
  • (Obama and Giannoulias) Banking on Corruption In The Windy City

    03/09/2010 4:34:10 PM PST · by raptor22 · 3 replies · 571+ views
    Investor's Business Daily ^ | March 9, 2009 | Investor's Business Daily staff
    Politics: Another bank failure is nothing new these days — except if the bank is run by the family of a U.S. Senate candidate who profited handsomely and lent millions to a convicted felon. But then, that's the Chicago way. 'I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street," President Obama said in a recent interview with "60 Minutes." Speaking to those bankers, he said: "You guys are drawing down 10, 20 million dollar bonuses after America went through the worst economic year that it's gone through in — in decades,...
  • Ill. Senate Candidate’s Bank Made $20 Million in Loans to Felons

    04/02/2010 10:30:13 AM PDT · by Nachum · 9 replies · 597+ views
    wsj ^ | 4/2/10 | Susan Davis
    It’s a rough way to start the weekend. Chicago Tribune Alexi Giannoulias, the Democrat running for President Barack Obama’s Illinois Senate seat this fall, woke up this morning to see his face blazoned across the top of the Chicago Tribune with the headline: “$20 MILLION IN LOANS TO FELONS.” Broadway Bank, the Giannoulias family bank, has been under scrutiny as it struggles to avoid a federal takeover. Giannoulias’s role at the bank has become a key issue in the Senate race against Republican Rep. Mark Kirk.
  • VIDEO: Chicago's Broadway Bank: A Community Bank

    04/02/2010 9:57:06 AM PDT · by AtlasStalled · 1 replies · 119+ views
    Friends of Ours ^ | 04/02/10 | Friends of Ours
    The "family bank of Democratic Senate candidate Alexi Giannoulias loaned a pair of Chicago crime figures about $20 million during a 14-month period when Giannoulias was a senior loan officer" as reported by David Jackson, John Chase and Ray Gibson for the Chicago Tribune: Broadway Bank had already lent millions to Michael Giorango when he and a new business partner, Demitri Stavropoulos, came to the bank in mid-2004. Although both men were preparing to serve federal prison terms, the bank embarked on a series of loans to them. Alexi Giannoulias took a senior position at the bank at about the...
  • Giannoulias family bank linked to fraud suspects (Rahm could get 0's seat after all)

    03/12/2010 4:40:52 PM PST · by STARWISE · 8 replies · 610+ views
    ABC7Chicago ^ | 3-12-10 | Charles Thomas
    Broadway Bank, owned by U.S. Senate nominee Alexi Giannoulias' family, was defrauded in an alleged check-kiting scheme by the owners of a popular Chicago restaurant, Boston Blackies. Nick Giannis and his son, Chris, are charged with stealing nearly $2 million. Chris posted bond and was released Friday from Cook County Jail. His father Nick remains jailed in Detroit. Alexi Giannoulias said Friday in a statement he was "shocked and appalled" at the arrests Thursday of principals in the Boston Blackies restaurant chain. Thirty-eight year-old suspects Chris Giannis and Andy Bakopoulos were picked up in Chicago while Blackies founder 62-year-old Nick...
  • Anita Dunn&#8217;s Husband Becomes White House Counsel (Front Page mag)

    11/24/2009 10:36:15 PM PST · by STARWISE · 15 replies · 1,574+ views
    Front Page Magazine ^ | 11-20-09 | John Perrazzo
    By now, millions of Americans are familiar with Anita Dunn, who recently resigned her post as Barack Obama’s White House Communications Director after it was learned that she had previously cited Mao Zedong, the late Communist dictator and mass murderer, as one of her “favorite political philosophers.” By contrast, few people know anything substantive about Dunn’s husband, Robert Bauer, who has replaced Gregory Craig as President Obama’s White House Counsel. Craig resigned abruptly on November 13, after having repeatedly denied, for weeks, that he had any plans of stepping down. A 1976 graduate of the University of Virginia School of...
  • Bill Ayers, Jeremiah Wright: The Common Thread They Share

    08/05/2009 2:17:47 PM PDT · by HorowitzianConservative · 2 replies · 463+ views
    NewsReal Blog ^ | August 5, 2009 | Kathy Shaidle
    Last night, Fox News’ Sean Hannity ran a six-minute report on Alexis Giannoulias, the onetime state treasurer now running for Barack Obama’s former Senate seat. According to Hannity, “Alexis Giannoulias was at one time considered such a political libality, he was mentioned in the same breath as Bill Ayers” (Obama’s domestic-terrorist-turned-professor pal, who served with Obama on the board of the Woods Fund of Chicago) and Jeremiah Wright” (Obama’s longtime racist pastor and spiritual advisor who embraces Marxism). Giannoulias, an heir to the Broadway Bank fortune, helped Obama get “seed money” for his first political campaign and provided him with...
  • Mob squeezed him; city squeezes widow (Kass: Chicago outfit, Daley machine)

    07/05/2009 9:17:12 AM PDT · by STARWISE · 5 replies · 1,139+ views
    Chicago Tribune ^ | 7-4-09 | John Kass
    Whether the name of Richie Urso ever makes it into the corruption trial of former Gov. Rod Blagojevich next June is anybody's guess. You've probably never heard of Richie Urso. But the FBI sure has heard of him. His is a classic Chicago story, about a beefy yet charming guy born on Grand Avenue, who got in trouble with the law as a kid, only to make political friends and become extremely wealthy. He was arrested once for jewelry theft in the '60s by the Outfit's top Chicago police detective, William Hanhardt. Urso's alleged partner in the theft was the...
  • Alexi Giannoulias: Not so transparent (Obama's IL buddy)

    03/31/2009 5:33:45 PM PDT · by STARWISE · 3 replies · 979+ views
    Just like that window from the Giannoulias family's Broadway Bank on Chicago's North Side, sometimes what you think is transparent is in fact not something you can easily see through. Illinois State Treasurer Alexi Giannoulias, 32, is strongly considering a run for the Senate seat currently held by fellow Democrat Roland Burris. Giannoulias, who prior to his election was a senior loan officer at the bank, had never voted in an election until his name was on the ballot, announced yesterday that he won't be accepting campaign donations from corporate political action committees or federal lobbyists. Big deal. Will Giannoulias...