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Gingersnap
04-05-2010, 05:23 PM
Barack Obama's old Senate seat in danger of turning Republican

President Barack Obama's old Senate seat is increasing danger of being taken by a Republican after it was reported that the family bank of the Democratic candidate had lent $20 million (13 million) to Chicago criminals.

By Toby Harnden in Washington
Published: 10:00PM BST 05 Apr 2010

The loss of the Illinois seat would be a huge symbolic blow to Mr Obama and would be a major boost to Republicans in their long-shot bid to retake control of the Senate in the November mid-term elections.

Alexi Giannoulias, 34, the Illinois state treasurer, is viewed by leading Democrats as increasingly vulnerable. Last week, the Chicago Tribune reported that his struggling family banks had made controversial loans.

Barack Obama calls for bold action as he waits on $825bn billBroadway Bank, owned by the Giannoulias family, had allegedly lent $20 million to convicted felons Michael "Jaws" Giorango and Demitri Stavropoulos. The bank is believed to be close to collapse.

Giorango was convicted of promoting a nationwide prostitution ring and Stavropoulos of running a multistate gambling ring. An investigation by the newspaper found that $20 million was lent to Giorango when Mr Giannoulias was a senior loan officer with the bank.

Representative Mark Kirk, Mr Giannoulias's Republican opponent, is accusing the Democrat of lying about the loans and there has been speculation that Mr Obama's party might ditch their candidate.

A recent Rasmussen poll gave Mr Giannoulias a lead of just three percentage points in the heavily-Democratic state. Some 56 per cent of voters said they considered his involvement in the bank as an important factor in how they would vote.

The image of Mr Obama's seat has already been considerably sullied by the alleged actions of Rod Blagoevich, who resigned as Illinois governor after being indicted on charges of trying to "sell" the vacancy.

Oops.

Telegraph (http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/7557566/Barack-Obamas-old-Senate-seat-in-danger-of-turning-Republican.html)

fettpett
04-05-2010, 07:08 PM
not surprsing seeing how much crap went down with Blogoavich and his selling of that seat