Ray Hanania:asks, “Why should voters vote for Giannoulias for Secretary of State?
“It doesn’t matter that he avoided all the controversy that followed him from his banking days when his dad set him up to monitor loans and departments that he screwed up.
“Asked about those screwups and controversies, Giannoulias denounced them as lies.
“Lies? Do you really not respect the voters enough to call facts ‘lies?’ Look these ‘lies’ up online. They are there for everyone to see.
“Broadway Bank Failure. Giannoulias was Vice President and senior loan officer at Broadway Bank from 2002 to 2006. After leaving to become Secretary of State, the bank became heavily burdened with bad commercial real estate loans and was closed in 2010 by Federal regulators, with the burden covered by the FDIC, (the taxpayers), to the tune of $390-$394 million.
“Giannoulias was the senior loan officer during the years when the bank greatly expanded risky lending.
“And there is more. In an interview on WLS TV on August 3, Mendoza pointed out his loans to “mobsters.”
“”I think when you’re applying for a new job, as he said he’s doing, you should present the whole resume to the city of Chicago,’ Mendoza said, referencing his family’s Broadway Bank. ‘And that includes, you know, his job as senior loan officer of a failed bank that was seized by the feds for losing many people’s money and giving over 20 million dollars in loans to mobsters.’
“…The point is, I guess, no one needs to vote for Giannoulias for Secretary of State. They can vote for Diane M. Harris, who is taking the Secretary of State job far more seriously than Giannoulias is. She’s running just for Secretary of State.”
