Broadway's chief executive, Demetris Giannoulias, Alexi Giannoulias' older brother, told the Tribune the family must raise at least $85 million by the end of April to stave off government seizure.
Demetris Giannoulias said he doesn't expect the government to drag its feet on shutting the bank if capital-raising efforts come up short.
From 2004 through 2006, Broadway was one of the country's most profitable community banks….Broadway relied almost strictly on real estate deals to make money….During 2007 and 2008, Broadway paid the family about $70 million in dividends. Is the family in a position to bail the bank out?
Click on the following for more details: Alexi Giannoulias: Broadway Bank troubles hurt Alexi Giannoulias’ Senate campaign - chicagotribune.com
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Did Illinois Giannoulias, Florida's Crist, California's Angelides and New York's Gianaris apply Greek budgeting techniques like Sarbanes Oxen? Greek Ponzi fourfold Eurodefecit boasts Trojan Horse Perfidy, Klephth Brigandage. Upset that industrious Albanians invaded their lazy, gungrabbing, babykilling homeland, the soviet-churched Greeks vindictively hire, house and promote illegals. As quakes render their homes disposable, Greeks are oblivious to the very concept of maintenance. Instead of blaming environmetalists for fires and socialists for deficits, Greek dmeagogues seek scapegoats. Olympia Snowjob supports Obamacare and abortion because of her gangreen patriarch (Is Orthodox Christianity progressive? Michelle Boorstein Washington Post 11-4-09 Ecumenical Patriarch Bartholomew spoke about the spiritual imperative for nonviolence, universal health care and reducing consumption to help the environment.) Palamite Zealotes massacred Thessalonian aristocracy in preparation for Cantacuzene usurpation via hesychast hyperventilatory hallutination. This soviet socialism motivated Anatolian farmers to embrace Turks in the 1400s to avoid redistributative taxation and then for liberated mainlanders to migrate to Smyrna in the 1800s. int gonna vote for Do Kaka Zote!
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