Lynn Sweet reports that U.S. Senate candidate Alexi Giannoulias is meeting with the Tribune and Sun-Times editorial boards today to discuss questions surrounding his family's struggling bank.
UPDATE (11:10 a.m.): The Sun-Times has an article up on his comments to the board:
“I take my share of responsibility for possibly concentrating too much in commercial real estate,” Giannoulias told the Sun-Times’ editorial board. “Obviously, it’s easy to look back four or five years and say that, but I think in my role, that’s part of what I should be doing.” [...]
Will the bank still be there in November for the general election?
“It’s quite likely that the bank will not be around,” Giannoulias said. “There’s not a lot of capital out there for somebody to find $60, $70 million [as federal and state regulators want the Giannoulias family to reinvest in the bank in the next two months]. I hope I’m wrong.”
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