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Tuesday, March 2, 2010

Kirk Goes After Giannoulias

Mark Kirk is making an issue of Alexi Giannoulias' ties to Broadway Bank.

Republican U.S. Senate candidate Mark Kirk said Monday the fate of his Democratic rival's family bank should be an issue of concern for voters.

"I think there's no question that Alexi Giannoulias bears direct personal responsibility for reckless loans that could bankrupt the Broadway Bank," Kirk said of the Democratic U.S. Senate nominee. "I also worry that the possible collapse of the Broadway Bank will leave taxpayers left paying for Alexi's reckless loans."

Kirk's comments came after the Tribune reported Sunday that the bank's chief executive, Demetris Giannoulias, said the family must raise at least $85 million by the end of April to prevent a government seizure of the financial institution. Demetris Giannoulias is the older brother of Alexi Giannoulias.

This should surprise no one. This will be a main issue in the campaign. It isn't going away. It's nearly impossible for Giannoulias to minimize it, and so it's hard to see how he'll win in November.

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