On Wednesday August 4, 2010, Obama went to campaign for Alexi Giannoulias, the Democrat nominee for Obama’s Senate seat from Illinois.
Mr. President, do you not see the disconnect here?
The Giannoulias family owned and operated Broadway Bank of Chicago. That same bank was seized by federal regulators in April, because they were, for all practical purposes, bankrupt. This was a bank that was mired in the central issues that resulted in the current fiscal crisis, i.e. subprime real estate loans.
And that doesn’t even talk about the usual, run-of-the-mill corruption in Chicagoland. The bank provided now felon Tony Reczko, Obama confidant and political supporter.
And remember: Giannoulias has only limited experience at anything…and most of his experience relates to his family’s banking.
And Mr. Obama wants you, people of Illinois, to vote for this man.
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