Friday Bad News

How is this goof still competitive in the Senate race?

• Broadway Bank, the family-owned lender that helped launch U.S. Senate candidate Alexi Giannoulias' political career, was seized by government regulators Friday night, one of seven Illinois institutions taken over and sold to healthier companies.
  
  The failure of Chicago-based Broadway, which was unable to raise the $85 million it needed to remain independent, was anticipated, and its worsening health has weighed on Giannoulias' Democratic bid for President Barack Obama's old Senate seat. The bank had been struggling in recent years with real estate loans gone bad, losing $75 million last year.
  
  Giannoulias worked for his father at Broadway before entering politics, and during his successful run for state treasurer in 2006 he used his banking experience as one of his chief qualifications. But in the Senate race, he has tried to distance himself from the bank's troubles.
  
  
• The bank's failure will cost the FDIC $394.3 million.
  

But we're betting that the Giannoulias family isn't returning the $70 million in "dividends" they took out over the past few years.

Thanks Alexi. Now where is the Outfit going to get it's loans?