Giannoulias Bank Problems
(Crain’s) — Broadway Bank, the troubled Chicago lender owned by the family of Illinois Treasurer and U.S. Senate candidate Alexi Giannoulias, has entered into a consent order with banking regulators requiring it to raise tens of millions in capital, stop paying dividends to the family without regulatory approval, and hire an outside party to evaluate the bank’s senior management.
The Jan. 26 consent order with the Federal Deposit Insurance Corp. and the Illinois Division of Banking comes less than a week before Mr. Giannoulias — Broadway’s chief lender and then vice-president from 2002 to 2006 — must face voters in the Democratic primary for the Senate seat previously held by President Barack Obama.
He’s faced criticism, principally from former city Inspector General David Hoffman, who’s running against him, for his past role at the bank and the $70 million in dividends the family took out of the bank in 2007 and 2008 as the real estate crisis was becoming apparent.
And while you're voting for Hoffman, throw a vote at Stroger for Cook County Board President. He's the most beatable of the democrats so we might actually see a republican winner in the fall.
Labels: elections
posted by SCC at 12:03 AM
48 Comments:
That asshole was bragging he got 77 million back for the investors (parents) in his bright start college plan,but the asswipe did not tell you that you lost 1/2 of everything you put in due to his gross negligence! Voting for him is like voting for satan justs a dumb wealthy clout kid!
Illinois citizens are all sheep and as much I hate to say it, Giannoulias is going to win. You think we can get rid of decades of corruption in a single election year? Maybe the good news is when Hoffman loses, he will run for Mayor of Chicago instead!
(OT) even barry obama did not want clinton to listen to his pathetic speech!
http://news.yahoo.com/s/ap/20100127/ap_on_go_ca_st_pe/us_state_of_the_union_missing
Hoffman for Mayor in 2011!
Illinois has been run by Democrats FOREVER!!!!!! Why would anyone vote for another Democrate Chicago politician? Stop raising our FUCKN TAXES!!!!!!
I'm still looking for the college money this guy stole from our kids accounts. Ohh, that's right he bought a cuple of truck to promote the program so his buddies could drive them around and go fishing. DON'T VOTE FOR THIS SILVER SPOON FEED CROOK.
How much do you want to bet that the Messiah makes an exception to bailing out just the big banks and comes to the rescue of this Illinois Machine Politician?
They're all connected by the proverbial "money trail" anyway. Maybe Rezko can make a few calls and get the cash returned for that over-inflated vacant lot just south of the POTUS' crib on South Greenwood and apply that to help stop Giannoulias' bleeding.
Fucking pathetic, ain't it? The Illinois TREASURER...the dude in charge of all the cash...and he can't "balance his own check book", so to speak? And he wants to secrete his grubby little paws further into the taxpayer's pockets?
Fuck that! Draw a Republican ticket at the primary and let's get REAL change in motion.
Sorry, but as a man I can't lower my integrity to vote for this piece of shit Stroger. Not under any circumstance.
Amazing. They don't even try to hide the thefts any more do they?
On second thought, vote for Alexi.
He'll get smoked in the general.
Having had the misfortune of banking at one time at my neighborhood bank, Broadway Bank, I'm amazed it took FDIC so long before investigating and reprimanding this bogus bank. It operates like a group of kids playing "bank". They're record keeping was byzantine, and their headquarters bank location is a former auto showroom. Took my money out long ago because the bank atmosphere made me uneasy everytime I went there.
Giannoulias is going to win Obama's old Senate seat. Take it to the bank (pun intended).
The day Hoffman loses the senatorial primary ,is the day a petition for him to run for Mayor should be drafted.
In my 20 plus years, I never worked for, or sucked up to a politician. If I had I would have been promoted.
This time its different. I'm waging political war against Daley,Stroger, Burke, the Combine, and any other filthy Machine flunky.
I will post signs, volunteer for his campaign, and compile and leak any info I have ( and I have PLENTY) that'll place Daley and co in the worst possible light.It's time for this little S.O.B. to go !!!
I will donate to the Hoffman campaign the cash equivalent of a 24 day furlough just as long as he bitch slaps the drunk irish megalomaniac on the fifth floor in February 2011.
MAYOR HOFFMAN-2011.
Term limits 2011.
Not a paid or solicited political
endorsement.
It is an Outfit connected bank. That is all. Do a little research and you will see.
If you work by DePaul drive by the State restaurant 935 W. Webster, maybe you have eatin in there, look under the el tracks notice how the refrigeration is under the el? it is on CTA property illegally, guess what, the Giannoulias family owns that place. It was opened while our wonderful and supreme commander in chief was a U.S senator and Alexi was running for his office, the city tried to get it removed before they opened but someone got a phone call and it was swept under the carpet hmmmmmmmmmmm
Was it Blago that endorsed Alexi? What did Obama say about him. He sounds like he would be in Obama's camp.
Hopefully the electorate in Illinois is as smart as the people in Massachusetts.
Maybe not, the Cubs fans keep backing Losers every year. Wake up out of your stupor.
a vote for him is a vote for organized crime
In Jan. '08 I pulled the lever for BHO thinkin he would be the most beatable come the general election. Apparently it was a flawed strategy then and I would say that it is a flawed strategy now.
The only US senator that did anything constructive for the people of the state was a republican who brought in a US attorney to combat corruption. Durbin and Obama have never spoken out against state corruption and have even benefited by it. What we really need is an honest mayor of Chicago. What chicago does effects the entire state. HOFFMAN FOR MAYOR!!!
Hey he's friends with Obama so get used to calling him former candidate for senator
I worked in that area years ago. The Broadway Bank was always know as a outfit connected bank. Thats why all the pols got loans there
THAT'S SUCH A GOOD POINT!
Vote Stroger so he can be beaten. Absolutely.
I could vote for Stroger easier than I could for Dorothy. She is a real piece of work.
True. They don't even try to hide it.
OT Kass writes that the mobster receives I year plus one day for not paying his taxes for seven years. Officer Cozzi gets three years. Go figure.
How can anyone lower their standards so low to vote for Stroger? I would love to see a republican win but unfortunalty a Tact Lt on this job does not strike me as a qualified person for Cook County Board President. Besides his own 100 K a year salary, what budget has he ever balanced or maintained. Cook county has a 3 billion dollar budget. It seems to me he would be in a little over his head. Get a republican who has more qualifications than making Lt or graduating from John Marshall Law School, which by the way is the Calumet College of Law Schools, and you get my vote. Until then, the only option is to vote for a democrat. That leaves two reasonable choices. Precwinkle or O brien. Toni is in Shortshanks pocket and her husband is wrapped up with Rezco and Blago. No thanks. O Brien has handled a billion dollar budget and seems to have what it takes to get Cook County back under control. He has my vote (Until a real republican candidate steps forward)
no no!
hold ya nose and roll the bones for stroger...
everybody else is a strawman for shorty!
THINK!
it would drive the Daley boys insane if stroger were to win in the primary.
put him in front for the primary...
ride his ass out of town on a rail in the general!
it's just that much longer that daley inc. can't consolidate their power in city & county government!
the republicans & independents (if any ) are going to shake-off the weaker candidates by the time the general rolls around... we'll get more of a chance to see whom is really standing behind who :)
You've been voting Democrat for years and where the hell has it gotton you? Stupid is as stupid does. Stand up, speak out and vote Republican. Understand that the progressive/socialist Democrats are in charge and your freedoms, property, the money that you make by the sweat of YOUR brow will continue to be taken away from you...it is the progressive/socialist/communist way. We must stop the massive corruption of those in power..STAND UP, SPEAK OUT AND VOTE CONSERVATIVE REPUBLICAN. Our Founding Fathers had the strong wherewithal to stand up, speak up and fight for what is right. The progressive Democrats in power are grossly corrupt, arrogant, morally bereft, and traitors to this country...they are attempting to destroy this country from within, in order to foster progressive socialism/communism, and THIS IS A TREASONOUS ATTACK AGAINST THE USA. Fight for this country and vote conservative Republican. Those of us who do not learn from history are doomed to repeat it.
alexsi giannoulias looks like business as usual. if he was not so tall, you would think the mayot was talking. i had nothing to do with the bank for the last for years. he only received one million after taxes. VOTE ALL INCUMBENT OUT.
This guy is in more than just what brought out in the media the other day. And anyone connected to Rezko is connected to Blago is connected to.........you would be absolutely crazy to vote for this guy. It will be corruption as usual.
signed:
someone who knows
the mans in cahoots big-time with Obama, Daley, Rezko, and other criminals.. Need I say more?
Giannoulias was told NOT to run for US Senate by the Obama administration. They are worried about the bank deals, Rezko dealings and money laundering fallout coming to light.
They are hoping to sacrifice the US Senate seat to the R.I.N.O. Northshore LIBERAL Mark Kirk who will not oppose Obama.
Politics is not what it seems in Illinois.
One Party Politics = Party of Corruption
Isn't US Senatorial Candidate Cheryle Jackson( former Blago press aide) the F/B that Rod knocked up?
This is what drove the final wedge between Mel and Blago.
Blago shipped her to California to have an abortion.
If only the Chciago Media did its' job.
Time for the Broadway Bank to receive some T.A.R.P. money.
Hoffman won't win senate but will be the next Mayor of Chicago
he knows where the corruption is
his hands were tied
Chicago's citizens and city workers have had it with the corruption and are ready for a
Reform Mayor
unions will back him
animal care and control...thought that was our job title.
Hoffman is an ULTRA LIBERAL. DO NOT VOTE FOR HIM. You don't know anything about him. Better do some research before recommending this guy. Vote for Alexi G. so he can be defeated by Kirk in the general. HOFFMAN IS MORE LIBERAL THAN OBAMA.
Hoffman? Absolutely. He is a friend to any enemy of bullshit.
Sorry, but as a man I can't lower my integrity to vote for this piece of shit Stroger. Not under any circumstance.
1/28/2010 01:14:00 AM
It's called strategery. (Will Ferrell 2001) And ever hear of biting your nose to spite your face?
That said, how fucking stupid are you? If you vote for one of the other dumbocrats in the primary, they might possibly win the general election.
Putting up Stroger gives us the best chance to take the County Board presidency from these thieving no-good bastard dumbocrats. Strategery. Think about it.
Hoffman is a liberal, just like Alexi. The only difference is that he seems to be somewhat honest.
Vote Republican
No, the wedge between Mel and Blago was the downstate daughter of a wealthy contributer he allegedly knocked up - and she did not have an abortion, so they say. The funniest cartoon I ever saw (by Higgins, in the Sun Times), was of Blago pushing a baby carraige, and in it was a baby with Mel's head going "Waaaaaa" ha ha.
Putting up Stroger gives us the best chance to take the County Board presidency from these thieving no-good bastard dumbocrats. Strategery. Think about it.
1/28/2010 09:59:00 PM
The same thing was said about Obama in the presidential primary. How did that turn out?
Vote Republican.
Vote David Hoffman on Feb 2nd.
Our latest press conference:
http://www.youtube.com/watch?v=NYzv4lg79zQ
Who would vote for a thief like this is beyond any reason!
DO NOT VOTE FOR HIM!!! He's only had 2 jobs in his life. He's financial institution gave $$$ to Rezko, which leads to OBama. Enough is enough!
The day Hoffman loses the senatorial primary ,is the day a petition for him to run for Mayor should be drafted.
In my 20 plus years, I never worked for, or sucked up to a politician. If I had I would have been promoted.
This time its different. I'm waging political war against Daley,Stroger, Burke, the Combine, and any other filthy Machine flunky.
I will post signs, volunteer for his campaign, and compile and leak any info I have ( and I have PLENTY) that'll place Daley and co in the worst possible light.It's time for this little S.O.B. to go !!!
I will donate to the Hoffman campaign the cash equivalent of a 24 day furlough just as long as he bitch slaps the drunk irish megalomaniac on the fifth floor in February 2011.
MAYOR HOFFMAN-2011.
Term limits 2011.
Not a paid or solicited political
endorsement.
I WAS THINK THE SAME THING. I AGREE WITH YOU. He could be the one to beat Daley.
The same thing was said about Obama in the presidential primary. How did that turn out?
Vote Republican.
1/29/2010 08:53:00 AM
That strategery must have been a secret. And foolish. He was not a weak candidate when the Illinois primary was held. Who hatched that idea? And who used it?
Vote for Alexi G. so he can be defeated by Kirk in the general.
-----------------------------
Took care of that already. Voted for Alexi "Hoops" in the primary. Will vote for Mark Kirk in the general election
I don't want Hoffman to win as Senator. He needs to be here next year to dethrone the lying midget.
Hoffmann for Mayor 2011!!
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