Illinois Republican Party: Alexi Giannoulias Should Get His Facts Straight…

…and Start Answering for His Reckless Lending Practices

 

Responds to U.S. Senate Candidate Alexi Giannoulias March 1 Press Release 

The Illinois Republican Party outlines “False Giannoulias Attack”

 

“Kirk stays silent while Washington Republicans obstruct unemployment insurance extension” (Giannoulias Press Release, March 1, 2010)

Fact Check: Far from silent, Mark Kirk just voted FOR the bill in question last week.  On February 25, 2010, the House of Representatives passed H.R. 4691, the Temporary Extension Act of 2010, by voice vote.  Congressman Kirk joined every member of the House in supporting this bill.

Why would Alexi Giannoulias mislead the voters so blatantly?  Maybe he wants to talk about anything but his questionable banking practices…

“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.”  (Chicago Tribune, “Kirk says fate of Giannoulias family bank will be issue for Senate voters,” March 1, 2010)

Kirk, a five-term congressman, accused Democrat Alexi Giannoulias on Monday of engaging in the “reckless lending that brought our U.S. economy to its knees.” (Associated Press, “Kirk talks tough about Giannoulias bank,” March 1, 2010)

KIRK: “I think there’s no question that Alexi Giannoulias bears direct, personal responsibility for reckless loans that could bankrupt the Broadway Bank.” (Chicago Public Radio, “Mark Kirk Continues to Blame Giannoulias for Broadway Bank Problems,” March 1, 2010)

Kirk says, “Ya know, it’s one thing to issue a loan to someone and say in the first year the recipient repaid the loan. But in the case of Michael “Jaws” Giorango, the recipient failed to pay the loan. And it’s loans like that are imperiling the Broadway bank, made under Alexi Giannoulias’ signature when he was an officer of the bank.”