Monday, July 15, 2013

Clout bank sues Ald. Edward Burke’s son over failed Southwest Side project

The Chicago Sun-Times reports:
A Northwest Side bank whose owners have long ties to City Hall is suing Ald. Edward M. Burke’s son and daughter-in-law for more than $600,000 over a failed development on the Southwest Side. Belmont Bank’s owners include zoning attorney James Banks, a nephew of retired Ald. William Banks; trucking magnate Fred B. Barbara, a friend of former Mayor Richard M. Daley who got rich hauling the city’s garbage, and former state Sen. James DeLeo.
This should raise some eyebrows: Fred Barbara and James DeLeo have had links to the Chicago Mob. For more "understanding " of this story click on this.