Sunday, August 24, 2008

Obama's Friend the "Granny Grifter" Will Speak in Denver

Obama's strange association with Illinois State Treasurer Alexi Giannoulias will likely be ignored by the media but it is worth reviewing as Giannoulias will speak in front of the Democratic National Convention in Denver on Monday night. After grad school and a stint in the Greek professional basketball league Giannoulias went to work at his family bank, the Broadway Bank of Chicago, during his first few months at the bank he oversaw a $1 million loan to an 83 year-old woman who did not understand the documents but was aided in her understanding by her co-signers, one was a Michael “Jaws” Giorango, twice convicted of bookmaking and later charged with running a nationwide prostitution ring (financed by millions in loans from the Broadway Bank, there isn't any evidence that the bank knew that their previously convicted mobster client was back in business) another co-signer was a more run of the mill local mobster. The $1 million disappeared within days and the bank soon went after the collateral, the 80-something Grandmother's home.

I kid you not, a banker whose family bank had a relationship with a convicted mobster made a $1million loan to that man, another mobster and an 83 year-old woman who could not understand the documents, whose home was used as collateral and the bank went to court to take that home. This being Chicago, a local judge ruled that every "i" had been dotted and that every "t" had been crossed so Giannoulias' bank got the now 89 year-old Grandmother's home. During the court proceedings Giannoulias repeatedly plead ignorance, he claimed to have no memory of the transaction. He claimed that he had no memory of the transaction because he had just started on he job but that statement really begs the question, if you don't remember the transaction in which two convicted mobsters and a woman come into your office with an 83 year-old woman who couldn't understand the documents that pledge her home for the loan, what are you going to remember? If that had been your Grandmother imagine how you would feel about the guy whose actions were then helping to defraud your Grandmother out of her home as he runs for state wide office with the help of your "rock star" Senator (Obama was the major reason that the guy got elected to state wide office) and now that kid will speak in front of the Democratic National Convention. Imagine if that had been your Mother or your Grandmother.

Giannoulias is where he is because of the "rock star" support of Barack Obama:

We should all ask, is Obama where he is because of people like Giannoulias?

See more here and here.

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Blogger Publia said...

Brilliant post; I wish more people were willing to keep pounding the truth about Giannoulias.

1:52 PM  
Anonymous More Nonsense said...

More nonsense. The case was so bad it got thrown out of court. Nice try.

3:37 PM  
Blogger El Rider said...

No it did not "get thrown out of court", the woman lost her home on a court's judgement. Dispute the merits if you like but until that time I guess that your comment is "more nonsense". Thanks for stopping by.

5:20 PM  

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