Bankers don't need another senator, Obama said. Except in Illinois.
"Bankers don't need another vote in the United States Senate," President Obama said as he urged Massachusetts voters to support Attorney General Martha Coakley over Republican Scott Brown. He also railed against "the same fat-cats who are getting rewarded for their failure."
But in Illinois, Democrats have nominated a banker for Obama's old Senate seat. Not only is Alexi Giannoulias's family bank on the verge of failing, but he has a golden parachute made of federal tax refunds:Alexi Giannoulias, kin could walk away from Broadway Bank Collapse with $15 million
(Crain's) -- The family of Democratic U.S. Senate nominee Alexi Giannoulias stands to collect more than $10 million in federal tax refunds even if its Broadway Bank fails, which Mr. Giannoulias said last week is likely. Obama might have to watch what he says about bankers. And fat cats, for that matter.
Posted by: Fred 2010-03-09 |