While parents come to grips with major investment losses in a college savings program, public records show that Illinois Treasurer Alexi Giannoulias' office spent Bright Start proceeds to buy a $26,000 SUV he uses as his state car.It's apparently part of a fleet to market the program but looks to have been commandeered by Alexi for his personal use. Quite the high-flyer, our Alexi, he's come a long way since he bankrolled Barack Obama's early political rise and got The One's endorsement for state Treasurer. Yes, Obama went against the Dem party pick--he stood up to the insiders--for Alexi Giannoulias. There were questions then about some dubious dealings, and there are questions now. But maybe "Jaws" Giorango can give him a testimonial
The purchase is surfacing as the politically ambitious Giannoulias continues to face criticism for his oversight of the Bright Start investment program, which lost $85 million last year.
It's the first time since the program was launched nearly a decade ago that money from it was used to buy a state vehicle, the treasurer's office acknowledged.
Previous posts: Giannoulias Preens, Bond Ratings Drop, Shady Alexi Giannoulias, Meet Alexi
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