Are the Democrats planning a November surprise? Specifically, are the plotting a post-Election Day surprise? The final report from the Federal Deposit Insurance Corporation regarding the failure of Broadway Bank, which was owned by the family of Illinois US Senate candidate Alexi Giannoulias won't be issued until after the general election.The fix is in.
From the Chicago Tribune's Clout Street blog:
The release of the report before the election could have been another political headache for Giannoulias in the close contest with Republican Mark Kirk. Giannoulias has been on the defensive over his role in loans Broadway Bank made to convicted felons while he was a senior loan officer, as well as other troubled lending that contributed to the bank’s collapse early this year.Investigators should work over the weekend and at night to get the report out before Election Day.
The inspector general of the Federal Deposit Insurance Corp. typically issues a "material loss" report, which details issues in a bank’s failure, about six months after the institution is taken over by the regulators. Broadway, which the FDIC accused of "unsafe banking practices," was closed on April 23, at a cost to the FDIC of $394.3 million.
When it issued an interim report in August, the inspector general's office said the final report would be issued on or before its Nov. 14 due date. On Friday, agency lawyer John Davidovich said the report is not expected within the next two weeks.
Remember--Giannoulias' utilized the "success" of Broadway Bank to start his political career. Voters need to know the truth.
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