Ill. Dem Senate Candidate Still $200,000 in Debt From Primary

Publius Forum ^ | 07/30/10 | Warner Todd Huston

[Mobile Vulgus]

So far, the biggest negative that has stuck against Illinois Democrat Senate candidate Alexi Giannoulias is that he is a poor money manager. The worst is that he was an officer in a family bank that has since gone under due to shady loans to mobsters -- to the tune of $20 million in unpaid debt -- and other bad banking practices . And now we can add another poor financial situation to Alexi's already groaning deficit accounts: he's still $200,000 in debt for his recently completed primary campaign.

As reported two weeks ago, Giannoulias has under performed in campaign fundraising so far in comparison to his GOP opponent, Mark Kirk.

It was reported that Giannoulias had only raised some $900,000 whereas Kirk had reeled in nearly one million since March 31. On top of that Kirk was reported to have had a four-to-one cash advantage over the Democrat's Giannoulias. All total it looks like Kirk has $3.9 million cash on hand while Giannoulias only has $1 million...

Read the rest at Publiusforum.com...

[Mobile Vulgus]

Even with many conservatives in Illinois disliking Mark Kirk, Democrat Giannoulias can't raise cash.

[silverleaf]

It must suck to not be able to just go to the family bank and raid the petty cash fund- Poor Alex

[ak267]

Maybe Tony Soprano can lend the guy a few 100k....in exchange for a few “favors” (wink-wink).