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Published on Oct 18, 2010

Giannoulias Loaned Millions to Mobsters, Wiped Out College Savings in Bright Start and Now Seeks Higher Taxes and More Spending in the Senate?

You Must Be Kidding.

The Kirk for Senate campaign today unveiled a new TV ad framing the obvious question facing voters in Illinois -- after loaning millions to mobsters at Broadway Bank and then losing millions more in Bright Start college savings as State Treasurer, why would anyone send Alexi Giannoulias to the U.S. Senate to raise taxes and increase spending?

Last week, the Chicago Tribune Editorial Board slammed Giannoulias "damning non-denial about loans to criminals" following his appearance on Meet the Press. The Tribune also published a front-page feature on the collapse of Illinois' Bright Start college savings program, which reported for the first time that Giannoulias and his staff were aware of the fund's increasing risk but "at each turn Giannoulias stuck with the firm's strategy, even as the housing market soured and losses accelerated."

The ad, entitled "Kidding," concludes with a reminder that Mark Kirk is the candidate who will spend less, tax less and borrow less to put Illinois back to work.

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