Alexi's Broadway Bank Tanks

Illinois Treasurer and declared Dem candidate for U.S. Senate Alexi Giannoulias' family bank faces surging loan losses in housing and questions from the feds on their massive cash withdrawals in the form of high dividends. Presumably Alexi was a recipient. Crain's.

P.S.

Broadway's loans to organized crime figures already have generated adverse publicity for the Giannoulias campaign (Crain's, July 13). Regulatory action against the bank — to say nothing of an outright failure — would give more ammunition to his opponents in the race.

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