Democratic Culture of Corruption: Illinois Dem Part of Mortgage Scam
The Illinois State Treasurer, Alexi Giannoulias testified in a mortgage fraud suit yesterday and he pulled the Sgt. Schultz Defense, "I know nothing, I see nothing, I say nothing!" Flying Debris wrote about Alexi the, ahem, banker here more than nineteen months ago. Alexi (if I may call him that) was once a loan officer at his family's bank, the Broadway Bank here in Chicago. While there he approved a loan that anybody with half of a functioning brain would have recognized as fraudulent. Mr. Giannoulias is a man who has supported and has received support from Democratic Presidential primary candidate and Illinois Senator Barack Obama (D-IL). Mr. Obama has received money from the Giannoulias' and he helped raise funds for this disgraceful man's State Treasury run.
Alexi agreed that his family bank would write a mortgage for get this, an 83 year-old woman who could not fill out the forms, who did not have the means to repay the loan and the loan was cosigned by people with a history of bank fraud, prostitution charges and bookmaking. One of the men in question is named Michael “Jaws” Giorango he is a man Alexi described as "a good person." Well the money is gone and somehow I doubt that the octogenarian went on a million dollar spending spree, rather I suspect that the mobsters who Alexi thought were good co-signers (especially the one with a record of multiple bank frauds) probably spent the funds.
To paraphrase Paul Simon (the musician not the late Senator) on the subject of Alexi Giannoulias - "still pimping, after all these years, still pimping after all these years," to the tune of Still Crazy After All These Years.
It is also notable that the blue-state Chicago Sun Times consigned the linked article that makes a local Democrat look terrible to page 8 while featuring Dennis Quaid, his lovely wife and the terrible story of his children on the front page.
To paraphrase Paul Simon (the musician not the late Senator) on the subject of Alexi Giannoulias - "still pimping, after all these years, still pimping after all these years," to the tune of Still Crazy After All These Years.
It is also notable that the blue-state Chicago Sun Times consigned the linked article that makes a local Democrat look terrible to page 8 while featuring Dennis Quaid, his lovely wife and the terrible story of his children on the front page.
Labels: Alexi Giannoulias, Barack Obama, Democratic Corruption, Mortgage Fraud
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