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January 29, 2010
Statement from Michael Powell, Hoffman for Illinois Campaign Manager:

Once again, Alexi Giannoulias showed his contempt for Illinois voters by leaving many unanswered questions on the table yesterday. We know he has received $8 million dollars in dividends from Broadway Bank since 2005, which represents 16% of the amount the FDIC says is needed to recapitalize the bank. When asked directly by reporters whether he had any intention of putting that money back in the bank in order to help prevent an FDIC bailout, Mr. Giannoulias was silent. He should return the money. It's the right thing to do.

When asked specifically about which bad loans he approved as Chief Loan Officer from 2002 through 2006, he again refused to answer and said, "there would be plenty of time to address that later."

Later is right now. With four days left before the Primary Election, he is concealing vital information from the voters. Given his record: loans to mobsters; loans to Tony Rezko; the mismanagement of the Bright Start College Savings Fund; and most recently his role in the collapse of Broadway Bank, we now know how badly damaged he will be as the Democratic nominee in the General Election.

Voters in the Democratic Primary need to know just how badly damaged a candidate he will be, and he is blocking the information. This outrageous act is a reckless and selfish disregard for the voters and the Democratic Party. 

Democrats should have grave concerns about a candidate with so much baggage and so little commitment to the truth.

The voters deserve answers today.


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