How does Obama spell financial reform? G-i-a-n-n-o-u-l-i-a-s

Quincy Tea Party activists plan a counter demonstration at the President's rally today in Illinois. Obama is there to talk about financial reform so...why's bad bank loan poster child and mobster go-to guy, Alexi Giannoulias in tow?

DISCLAIMER: The Tea Party Reports is edited by Bill Kelly and Laura Grock and features numerous independent voices in today’s Tea Party movement. Tea Party guest submitters are in no way affiliated with The Washington Times and do not necessarily reflect the views of any other person other than the contributor.

How does President Barack Obama spell financial reform? I’ll give you one guess. It starts with “A” and ends with “S’” Apparently Obama pal and band bank loan poster child, Alexi Giannoulias, who is running for his friend’s old U.S. Senate seat, is planning to attend today’s lecture on big government reform (read takeover) of Wall Street.  But Mr. President, isn’t Alexi Giannoulias’ presence sending the wrong message to Main Street? 

That’s what tea party activists in Quincy, Illinois are asking.  With organizer Steve McQueen, the group plans a counter demonstration at the “White House Tour to Main Street” today at 3:30 p.m. at the Oakley Lindsey Center. 

On Friday, regulators shut down Alexi’s family-owned Broadway Bank when it couldn’t raise the $85 million to cover its financial shortfall from toxic loans. News reports confirmed that the bank had loaned $20 million to two convicted felons while Giannoulias worked there. The convictions ranged from running a multistate bookmaking ring and promoting a nationwide prostitution ring.  

Giannoulias apparently carried these critical management skills with him to the Illinois Treasurer’s Office where he proceeded to lose $150 million in Illinois Bright Start funds for college savings through risky fund investments at Oppenheimer Funds, which he knew was already having problems in April of 2008. 

It does send the wrong message, Mr. President. Or maybe you just need to learn how to spell. 

Good luck today, Tea Partiers!

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The Tea Party Report is written and edited by Laura and William J. Kelly. Kelly also pens Bill Kelly's Truth Squad for the Washington Times.  Watch for his new website at We welcome all Tea Party leaders and enthusiasts to send us their news, opinions, and stories.

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