Former Illinois state Treasurer Alexi Giannoulias saw his political career derailed 11 years ago by the collapse of his family’s Broadway Bank, whose failure cost the Federal Deposit Insurance Corp. more than $383 million.
Now, Giannoulias, who’s trying to get back into politics with a run for Illinois secretary of state, has taken campaign money from four top officials of the Chicago bank.
Among them are his two brothers, who ran the bank, which federal regulators shut down over losses that included more than $100 million in bad loans made to 17 failed commercial projects from New York to Los Angeles.
Giannoulias has accepted $24,000 in campaign contributions from the four former Broadway Bank officials, campaign finance records show.
He got $6,000 contributions Jan. 20 from each of his brothers — Demetris Giannoulias, who was president and chief executive officer of Broadway Bank when it failed, and George Giannoulias, who was chairman of the bank’s board of directors.
What do you think? Fair hit or not?