Hard to Believe That Alexi Giannoulias ‘Didn’t Know’ Of Mobster’s Crimes
Alexi Giannoulias is well known as the “Mob Banker” for the fact that his family bank lent $20 million to two mobsters while Alexi was an officer of the bank. The Illinois Democrat’s Senate candidate has finally answered to this loan a bit more directly than he has in the past and his answer is simply a bit hard to take.
On NBC’s Meet The Press on Sunday, October 10, Giannoulias uttered the laughable claim that he “didn’t know the extent” of the criminal activities of his mobster borrowers at the Broadway Bank.
This is a bit hard to take. Giannoulias seemed to act as if the two mobster’s activities were not as well known in 2005 as they really were at the time his bank gave these ne’er-do-wells multiple loans. Both Michael “Jaws” Giorango and his pal Demitri Stavropoulos were well known criminals by the time they were being served at Broadway Bank.
The Chicago Tribune is just as incredulous at Giannoulias’s claim as I am, too.
As the Trib says:
It’s probably true that Giannoulias was not fully briefed on their illegal activity, which is the sort of thing felons rarely publicize even to their financial enablers. But he and his colleagues did know – or should have known – enough to show these clients the door. Not only had Giorango served prison time in the 1990s for his involvement in illegal bookmaking, but he and Stavropoulos had been convicted, in 2004, of new felonies for which they later served prison time.
How is it that men looking for official, normal loans from a bank didn’t have their criminal activity flagged as problematic when the bank did its due diligence on back ground checks? It really is impossible to believe that all these facts just slipped right past the officials at Broadway Bank and Alexi Giannoulias.
Surely the criminal background of these mobsters was well known by the bank and its officers. Yet these loans were made anyway.
The question is, why were these loans made?
Why, Alexi? Why did you loan up to $20 million to known mobsters? Obviously, the Democrat’s candidate for Senate in Illinois is just another leftist Democrat liar.
Warner Todd Huston
Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston and follow him on Twitter, on Google Plus , and Facebook.