Tuesday, August 03, 2010

Desperate Alexi and The One

Alexi's desperate for campaign cash, continues to spin improbably on policy and his track record, (see below) so our President Barack Obama is jetting in to Chicago to spend his birthday with his fellow Dem bleepin golden boy. The timing is pretty bad as we're all waiting for the Blago verdict and wouldn't you know, both Alexi and Obama's convicted felon money man Tony Rezko are making headlines to boot.

From the Kirk campaign:

Giannoulias Claimed to be Senior Loan Officer in Late December 2005

Misleading Giannoulias Claim: In response to the Chicago Sun-Times uncovering a Broadway Bank loan made to Tony Rezko and Nadhmi Auchi while Alexi Giannoulias was Vice President and Senior Loan Officer, the Giannoulias campaign said: “Alexi left daily operation of the bank in September of 2005.”

FACT: As late as December 20, 2005, Alexi Giannoulias told reporters that he was still vice president and senior loan officer at Broadway Bank. “Giannoulias noted that he currently serves as vice president and senior loan officer at the four-branch Broadway Bank in Chicago.” (State Journal-Register, “Senator announces run for treasurer,” 12/20/05)

FACT: The newly disclosed loan to Auchi and Rezko was completed in February 2006, which suggests negotiations began in late 2005 while Giannoulias, by his own account, was Senior Loan Officer.

FACT: The Chicago Tribune reported that Alexi Giannoulias received a $41,000 salary from Broadway Bank in 2006.

FACT: Alexi Giannoulias cannot explain why Broadway Bank would loan money to a convicted felon (Auchi) and an individual known to be under federal investigation for corruption (Rezko), especially when the latter was already delinquent on a previous loan.

FACT: Alexi Giannoulias cannot explain why he misled the Chicago Tribune when he suggested his family and Broadway Bank could not have known about Tony Rezko’s alleged criminal activities when loans to him were made.
From the Illinois GOP:

When it comes to right and wrong, Alexi just doesn't get it

Giannoulias campaign calling Rezko loan “sound” just the latest example of Alexi’s unsound judgment

On Loan to Rezko:

“The facts are clear: Broadway Bank made a sound loan and the loan was fully repaid.” (Giannoulias spokeswoman Kathleen Strand, August 2, 2010)

On Lending to Crime Figures:

“Asked in the recent interview if he thought it was acceptable for the state treasurer to lend money to crime figures, Giannoulias said the state treasurer must get ‘the best rate of return for taxpayers to create jobs.’” (“Loans cast pall over candidate, Chicago Tribune, 4/9/06)

On Michael “Jaws” Giorango:

“‘Is he a crime figure?’ Giannoulias asked. ‘I don’t know what the charges are that makes him this huge crime figure.’” (“Loans to Crime Figure Haunt State Treasurer Hopeful,” Chicago Tribune, 3/15/06)

On Loans to Criminals:

“‘If every time someone got arrested the bank threw them out, I think it would be a problem,’ Alexi Giannoulias said.” (“Treasurer Nominee Says Giorango Loans Were Business Decisions,” Associated Press, 4/8/06)

On Loans to Mobsters:

"We lend money to people who we trust from a business standpoint, people who are able to pay back their loans," Giannoulias said. (“Loans to crime figure haunt state treasurer hopeful,” Chicago Tribune, 3/15/06)

On Loan for a Mob-Run Gambling Marina in Myrtle Beach:

“‘From a commercial standpoint, it looked like a loan that should be made,’ Giannoulias said.” (“Loans Cast Pall Over Candidate,” Chicago Tribune, 4/9/06)
More here. Plus audio: WLS 890 am Chicago's Don and Roma discuss the Rezko Broadway Bank loan.

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