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Keyword: giannoulias

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  • Feds Close Bank With Ties to Dem Candidate Running for Obama’s Senate Seat (video)

    04/24/2010 9:04:37 PM PDT · by Free ThinkerNY · 3 replies · 356+ views
    NBC Chicago ^ | April 24, 2010
    NBC Chicago: Following the collapse of his family's bank, Illinois Treasurer Alexi Giannoulias said he has renewed vigor to win President Barack Obama's old Senate seat. The Democrat's voice cracked with emotion as he talked Friday about the collapse of Broadway Bank, which was heavy into real estate loans and lost $75 million last year. Giannoulias said nobody could have foreseen the real estate collapse.
  • Just what the US Senate needs

    04/25/2010 3:36:35 AM PDT · by Scanian · 2 replies · 410+ views
    The American Thinker ^ | April 25, 2010 | Phil Boehmke
    Barack Obama, Dick Durbin, Roland Burris, Carol Moseley Braun, Paul Simon, Alan Dixon...Does Illinois really need to add Alexi Giannoulias to it's sad legacy of corruptocrat senators? On Friday at 5:00 p.m. Broadway Bank in Chicago was closed by federal regulators (do the F.D.I.C. computers have a "porn filter"?). The bank which was owned by the family of Illinois State Treasurer and U.S. Senate candidate Alexi Giannoulias was unable to raise the requisite $85M needed to re-capitalize the bank. A spokesperson for Mr. Giannoulias' Republican opponent for the U.S. Senate Mark Kirk stated. "While years of risky lending schemes, hot...
  • 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...
  • 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>
  • 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...
  • Illinois: Bank Owned by Candidate’s Family Is Shut (Alexi Giannoulias)

    04/23/2010 10:16:06 PM PDT · by FTJM · 2 replies · 421+ views
    AP ^ | April 24, 2010 | Staff
    Federal regulators on Friday shut down the bank owned by the family of State Treasurer Alexi Giannoulias, setting up an expected but daunting hurdle in his bid to keep the Senate seat once held by Barack Obama in Democratic hands. Broadway Bank, which was heavy into real estate loans and lost $75 million last year, had been given until Monday to raise about $85 million in new capital. But the Federal Deposit Insurance Corporation announced at the close of business Friday that Broadway was among seven banks, all in Illinois, that had failed. Mr. Giannoulias, 34, worked at the bank...
  • Feds Shut Down Bank Owned By Family of Democratic Senate Candidate Alexi Giannoulias (Video)

    04/23/2010 8:37:05 PM PDT · by Talkradio03 · 5 replies · 344+ views
    hotairpundit ^ | 4/23/10 | HAP
    Video Report + Reaction from Giannoulias...Federal regulators have shut down the bank owned by the family of Alexi Giannoulias, the Democratic nominee in the race for President Obama's former Senate seat in Illinios. During an emotional news conference Friday night, Giannoulias reacted to the news.
  • 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.
  • Even Illinois Is Looking Bad For Democrats

    04/09/2010 7:56:58 AM PDT · by CaroleL · 17 replies · 563+ views ^ | 04/09/10 | CaroleL
    The Chicago political machine may have to dig up every cemetary in town to find enough votes to keep the traditionally blue state of Illinois from turning red. According to a new poll, Congressman Mark Kirk (R-Illinois) has a 41% to 37% lead over State Treasurer Alexi Giannoulias in their race to fill the US Senate seat once held by President Barack Obama. Mr. Kirk's support has held steady over the past month while Mr. Giannoulias's has dropped 7 points (from 44%).
  • 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 ^ | 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.
  • Barack Obama's old Senate seat in danger of turning Republican

    04/05/2010 2:18:42 PM PDT · by Sub-Driver · 21 replies · 784+ views
    Barack Obama's old Senate seat in danger of turning Republican President Barack Obama's old Senate seat is increasing danger of being taken by a Republican after it was reported that the family bank of the Democratic candidate had lent $20 million (£13 million) to Chicago criminals. By Toby Harnden in Washington Published: 10:00PM BST 05 Apr 2010 President Barack Obama's old Senate seat is increasing danger of being taken by a Republican after it was reported that the family bank of the Democratic candidate had lent $20 million (£13 million) to Chicago criminals. The loss of the Illinois seat would...
  • The Obama-Giannoulias-Mob Connection

    04/02/2010 11:47:16 AM PDT · by CaroleL · 4 replies · 438+ views ^ | 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.
  • 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.
  • 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...
  • Boston Blackie's owners arrested in check-kiting scheme (Illinois Senate Race)

    03/12/2010 9:24:48 AM PST · by Thebaddog · 34 replies · 919+ views
    A father and son who operated the Boston Blackie's burger restaurants were charged Thursday with ripping off nearly $1.9 million from two banks in a check-cashing scheme, and authorities said they arrested the father on the U.S. border as he was trying to enter Canada. The allegations caused a new round of political embarrassment for Democratic U.S. Senate candidate and state Treasurer Alexi Giannoulias, whose family owns Broadway Bank and has long known the father and son. The Blackie's operators are accused of writing bad checks from their accounts at Broadway to other banks as part of their alleged scheme....
  • (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,...
  • Senate candidate (Alexi Giannoulias) faces bank seizure

    03/04/2010 12:44:58 PM PST · by rightwingintelligentsia · 8 replies · 495+ views
    HotAir ^ | March 4, 2010 | Ed Morrissey
    In 2004, the Republican nominee for the open Illinois Senate seat, Jack Ryan, had to withdraw after having his divorce records exposed over the summer, revealing some rather exotic lifestyle choices. That left the Illinois GOP with only Alan Keyes in a carpetbagging bid to beat a junior state Senator making his second run at Capitol Hill for the Democrats … and we all know how that turned out for Illinois, and the nation. Now the shoe may be on the other foot, as the Democratic nominee admits that the feds may have to seize his family bank due to...
  • Durbin takes the reins of Giannoulias' Senate bid

    02/07/2010 7:22:06 PM PST · by Graybeard58 · 39 replies · 691+ views
    Chicago Sun-Times ^ | February 7, 2010 | Lynn Sweet
    Democratic Senate nominee Alexi Giannoulias kicks off his general election contest today at the Springfield home of Sen. Dick Durbin, who will be the chairman of Giannoulias' campaign. The selection of Springfield is strategic, since central and southern Illinois will be battlegrounds in the race between Giannoulias, the state treasurer, and the GOP Senate nominee, Rep. Mark Steven Kirk. Giannoulias lives on Chicago's Near North Side and Kirk's home is in north suburban Highland Park. Durbin, the No. 2 Senate leader, is the only statewide Illinois officeholder who lives outside the Chicago area. Raised in East St. Louis, Durbin is...
  • Do you think Alexi Giannoulias attended the same "Speach School" as Obama? (Video)

    02/07/2010 9:05:35 AM PST · by carolinacrazy · 19 replies · 831+ views
    youtube ^ | 2/7/2010 | B Elliott
    Obama Impersonator
  • The race for Obama's Senate seat looks like a Massachusetts-type perfect storm

    02/05/2010 3:44:11 PM PST · by SeekAndFind · 24 replies · 1,029+ views
    Washington Examiner ^ | 02/05/2010 | Michael Barone
    Since my earlier blogpost on the results of the February 2 Illinois primary, I’ve had the chance to crunch some more numbers, with help from the websites of the election boards of Chicago, suburban Cook County and the other 101 counties of Illinois. Here are the results in tabular form, with the number of votes cast for senator in the Republican and Democratic primaries. I’ve listed separately the results in Chicago, suburban Cook County, the Collar Counties and Downstate. The Collar Counties are DuPage, Kane (including the city of Aurora), Kendall, Lake and Will; returns from McHenry were unavailable and...