Hope & Change. - for freaking suckers.
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www.chicagotribune.com/news/columnists/ct-met-kass-0804-giannoulias-20100804,0,6254683.column
chicagotribune.com
Party on: Obama back in Chicago for fundraisers
John KassAugust 4, 2010
With his poll numbers dropping through the White House basement floor and his 49th birthday at hand, President Barack Obama sure could use some real party time with the guys back home in Chicago.
And nothing says "let's party!" like a political fundraiser. Obama will headline one Thursday for his beleaguered basketball buddy, Alexi Giannoulias, who is campaigning as a Democrat for Obama's old Senate seat.
Naturally, all the guests will applaud when Obama gives Alexi a big hug, smiles and says, "My man."
But who are the guys behind the guys who won't be there to soak up the recognition? Shouldn't there be table of empty chairs, to silently honor those who are otherwise indisposed?
I'm guessing that Tony Rezko, the president's benefactor, friend and personal real estate fairy, would love to attend.
He was the star of a Sun-Times report published Monday about a $22 million development loan from the Giannoulias family's now-defunct Broadway Bank to a Rezko company.
It would be nice for Rezko to show up. That way, Obama could point, then shout for all to hear: "That's not the Tony Rezko I know!"
Sadly, Tony has no time for fundraisers these days.
He's in federal custody, awaiting sentencing on his convictions for political influence peddling.
Rezko has other pending cases, too, including one involving bouncing $450,000 in checks written against his Broadway Bank accounts to pay gambling debts.
The Rezko thing isn't Giannoulias' only problem. Giannoulias is getting thwacked on a daily basis for what Tribune investigative reporters David Jackson, John Chase and Ray Gibson disclosed in April.
It was $27.7 million in loans from Broadway Bank to some earthy felons who ran their own street-loan business.
Every 10 minutes or so, Giannoulias' opponent — the serial embellisher U.S. Rep. Mark Kirk — and his Republican allies suggest that Giannoulias was a mob banker.
"To hear my opponent Congressman Kirk say it's a mob bank is offensive," Giannoulias told WGN-AM morning host Greg Jarrett the other day. "It's dangerously inaccurate. I wouldn't know what a mafia guy looked like if he walked down the street."
OK, fine. But could he recognize Michael "Jaws" Giorango and Demitri Stavropoulos?
They received the $27.7 million in loans from Broadway Bank. The majority was loaned when Giannoulias was a senior loan officer. He touted his bank experience in his campaign for state treasurer.
Giorango and Stavropoulos, according to the Tribune, used the money for real estate deals and for street loans — a curious practice that I'm told is legal.
Giorango was convicted in 2004 of promoting a nationwide prostitution ring. Some of the call girls worked for famous Chicago madam Rose Laws. He was sentenced to two years in federal prison.
We called Giorango's lawyer, Arnold Landis, to see if Jaws might be attending the fundraiser. After explaining it to the secretary, she hit the hold button. Some 30 seconds later, she picked up again.
"Is there something specific you want to ask?" she said.
What's Mr. Giorango up to these days?
"Yeah, OK," she said. "We have nothing to say, but thank you very much for calling."
What about the fundraiser?
"Bye-bye."
Click.
Stavropoulos received a two-year sentence for running an illegal sports betting operation and was released in 2006. He has since found a new career.
He's a consultant at Polekatz Gentleman's Club, a strip club in southwest suburban Bridgeview where he earns $5,000 a week.
That works out to more than $250,000 a year, without tips. And he doesn't even dance.
But in a sworn 2009 deposition in a civil matter unrelated to Broadway Bank, Stavropoulos was asked about his consultant duties by lawyer Lawrence Karlin.
Question: You indicated that you provided consulting for Polekatz.
Stavropoulos: OK.
Question: What do you mean when you say "consulting"?
Stavropoulos: I don't understand. What do you mean what do I mean?
Question: OK, do you know what the word "consult" means?
Stavropoulos: I think so, yeah.
Question: OK, what does the word "consult" mean to you?
Stavropoulos: "Consult" means to confer with people about certain things.
Later in the deposition, Stavropoulos was asked about his experiences in the lending business.
Question: In late 2006, early 2007, you were in the hard-money lending business?
Stavropoulos: Yes.
Question: What is the hard-money lending business?
Stavropoulos: What is hard money? As opposed to soft money? I was in the lending business.
Question: I take it you don't have advertisements in publications for your lending business, do you?
Stavropoulos: No. We never advertised.
Clearly, a consultant at the zenith of his profession, a discreet fellow who understands hard and soft money, has every right to be at a political fundraiser.
A message on his lawyer's phone said the lawyer wasn't available. So we called Polekatz, home of the Pole Kitties.
I asked the young woman who answered the phone — she assured me she wasn't a Pole Kitty — if Stavropoulos was attending any fundraisers.
"I don't know," she said. "You'll have to ask Mark the manager."
Later, Mark the manager called back to say he hasn't seen his $5,000-a-week consultant for at least two weeks.
"I work days," Mark reasoned. "He works nights."
Will you give him my number?
"Of course," he said, then hung up.
I'm still waiting to hear from Demitri.
Ah, politics in Chicago. It's just one rockin' party.
jskass@tribune.com
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