Giannoulias considering mayoral run--UPDATED

Fresh off his loss to Republican Mark Kirk in the US Senate race, Democrat Alexi Giannloulias, the failed Mob Banker, is considering a run for mayor of Chicago.

If Giannoulias does enter the race, he has to hurry up and get 12,500 signatures so he can get his name on the February ballot.

It will be fun to see Democrats drawing attention to his family-owned bank's ties to organized crime figures.

Complicating matters is the upcoming release of the FDIC's final report about the collapse of his family-owned bank in the next few days.

UPDATE 3:05pm CST: Giannoulias says he is not running for mayor, according to CBS 2 Chicago.

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