Chicago Tribune: As Senate campaign heats up, Giannoulias family races to avoid collapse of its bank

The Chicago Tribune writes that former mob-banker and Democrat Senate hopeful Alexi Giannoulias continues to face serious questions about his embattled family business. As the Tribune notes:

"Still, the situation could become more politically harmful and provide more ammunition for the GOP if the family-owned bank is taken over by the federal government before Election Day... Since 2007, Broadway Bank has filed dozens of foreclosures on various properties, including several to Michael Giorango, a convicted bookmaker and prostitution ring promoter who has become a political albatross in Alexi Giannoulias' campaigns. During Alexi Giannoulias' tenure at Broadway, the bank approved loans to Giorango for various real estate deals. Alexi Giannoulias has acknowledged he serviced some Giorango loans and went to Miami to inspect Giorango property the bank financed."

Meanwhile, Giannoulias’ campaign chairman Senator Dick Durbin admitted that "Giannoulias still needs to answer questions about his family’s bank," according to Chicago Public Radio.

But Durbin assured voters that Giannoulias is "prepared to answer these questions and it will happen soon."

The question for Senator Durbin and Alexi Giannoulias is: how soon?