Backed by Trade Unions, Alexi Giannoulias Launches Campaign for Chicago Mayor

Recaps Broadway Bank's failure and its $22.7 million loan to a company associated with convicted political fixer Tony Rezko.
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Recaps Broadway Bank's failure and its $22.7 million loan to a company associated with convicted political fixer Tony Rezko.

Recaps reporting about $20 million in loans to two Chicago crime figures while Giannoulias was senior loan officer, the federal seizure of Broadway Bank, and the losses in the Bright Start program.

“Not once has Giannoulias apologized to taxpayers for his bank's collapse. He has never said anything along the lines of: ‘You know, I learned from my mistakes and I'll do better now.’ If he's sorry, he's only regretful that the bank failure cost him an election to the Senate.”

“For years, businessman Perry Mandera ran a topless bar on the Near North Side, at times with help from reputed organized crime associates, including the late ‘mob cop’ Fred Pascente. These days, Mandera is involved in a much different kind of stage — the political stage, where he, family members and their businesses are contributing heavily to the campaign fund benefiting Illinois Secretary of State Alexi Giannoulias.”




