Broadway Bank to Close: Chicago Mob Linked Bank to Shut ABC Reports; Obama's Side Kick Could be Affected in Senate Race

ABC TV Chicago reports:

After 30 years in business Broadway Bank's employees are telling customers it's the end of the line.

"They said it would no longer be Broadway Bank on Monday but our funds are safe under the FDIC," said Bob Kitsos, Broadway Bank customer.

The bank's imminent failure is undercutting the campaign of Senate candidate Alexi Giannoulias. His father founded the bank, Alexi was a senior loan officer and cited his experience here as his chief credential in his campaign for his current job: state treasuer.

"Doesn't fairness suggest that if there's been any wrongdoing at the bank it should be heaped on his shoulders just because he has the same last name as his brothers who are running it?" said Sen. Dick Durbin, (D) Illinois.

In honor of the Chicago Mob linked bank closing : here's a flashback to Obama's glowing endorsement of Chicago Mob linked Alexi Giannoulias.