Obama Says “You Can Trust” Senate Candidate with Ties to an Iraqi Arms Dealer, Tony Rezko, and Assorted Mob Figures

Ben Johnson, Floyd Reports

There is more bad news for Barack Obama’s endorsed candidate for U.S. Senate in Illinois, Alexi Giannoulias: the failed bank where he worked as an executive loaned millions of dollars to an Iraqi arms dealer and convicted felon Tony Rezko. Broadway Bank, which Giannoulias’ family started, approved a $22.75 million loan to Riverside District Development LLC. The principals of that noble-sounding institution are Tony Rezko – who famously sold the president a plot of land adjacent to the Obamas’ Chicago home – and Nahdmi Auchi. In December 1980, Auchi, a native Iraqi, brokered an arms deal between the Italian government and Saddam Hussein that netted the Iraqi Navy four frigates.

Just last week, Barack Obama personally held a fundraiser for Giannoulias, vouching for the young man’s integrity:

Alexi is my friend. I know his character. I know how much he loves this country. I know how committed he is to public service for all the right reasons…

You can trust him. You can count on him.

Obama has heavily invested in electing Giannoulias to the Senate seat that he vacated, which is at the heart of the Rod Blogojevich scandal. Joe Biden, Education Secretary Arne Duncan, David Axelrod, and Desiree Rogers have all stumped for Alexi (and, of course, Obama is a frenetic fundraiser). 

His reassurances of Giannoulias’ goodwill ring hollow upon examining the record. In the 1990s, Auchi was a shareholder in what became the BNP Paribas bank. Saddam Hussein used that bank to funnel money from the Oil-for-Food scam.

Auchi’s wife, Ibtisam, served as a director of the Panamanian-based Fintrade Services, which ”lent money to (an) Obama fundraiser in May 2005.” A French court convicted Nahdmi of “the biggest fraud inquiry since the Second World War” in 2003, and he has been barred from entering the United States.

…But not from Broadway Bank. A campaign aide claims Alexi was on a leave of absence when the loan was approved in March 2006. However, the same month he told the press, "I’m senior loan officer and vice president, so I oversee a $600 million loan department." The aide now claims he misspoke.

What no one disputes is that Alexi gave thousands of dollars in campaign contributions to Obama, and as a bank executive, loaned $27 million to mobsters Michael “Jaws” Giorango and Demitri Stavropoulos. The government shut down Broadway Bank in April, which will cost taxpayers $390 million.

Giannoulias dismisses his Auchi ties as "a Washington, D.C., guilt by association game" – charging Republican Mark Kirk of associating Giannoulias with his own bank.

Apparently, the difference between Barack Obama and Alexi Giannnoulias is that Obama only pals around with American terrorists.

Watch Obama’s warm endorsement speech:


About Ben Johnson

Ben Johnson is the editor of several conservative websites. A seasoned journalist, he has broken a host of news stories of national importance and written sizzling editorials that started the nation talking. A former talk show host, he has been a guest on The Michael Savage Show, Nothing But Truth with Crane Durham, Crosstalk on VCY America, The G. Gordon Liddy Show, The Bob Dutko Show, and scores of local programs. The Managing Editor of FrontPage Magazine (2004-2010) and previously its Associate Editor (2003-2004), he is the author of three books. He maintains his own website, TheRightsWriter.com, which you can view here. You can contact him here.
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26 Responses to Obama Says “You Can Trust” Senate Candidate with Ties to an Iraqi Arms Dealer, Tony Rezko, and Assorted Mob Figures

  1. M Joy Exiner says:

    Obama is a pathological liar, I believe the American people have figured that one out, I don't think too many of us will be backing anyone he supports

    • Nancy says:

      I have read some posts on other sites and the liberals still think Obama is doing the US good, you cannot tell them nothing, they praise him for turning our country around, they praise him for helping the hispanics, he is their God and no matter what Obama does, of course they blame Bush. These liberals were so happy about the senator who died in the plain crash this week, the comments they made were so sickening and nasty, I ask them if they actually read what they just posted, only for them to answer with another nasty stupid post, the liberals deserve Obama, too bad they can't find a tiny island and move there, liberals are such losers. I listened to a up scale CEO and he was lambasting everything Obama did, he said he was the wrong man for the job and he was ruiening the country, but then he said that he would vote for him again, now if this dosen't show people how bright, smart liberals are.

  2. Wlmitch1 says:


    To obtain REAL HOPE AND CHANGE, we grass-roots Constitutional Conservatives,
    Tea Party Activists, and other true American Patriots of ALL races must UNITE!
    WE HAVE THE MORAL HIGH GROUND!! Get registered as Republicans in your State
    if it is not too late. Educate yourselves on where each candidate stands on the issues.
    Vote for ONLY grass-roots Constitutional Conservatives and Tea Party candidates
    in the Republican Primary elections. VOTE OUT the RINOs, Country-clubbers, and
    Primaries and take our Party back! Then vote for these Republicans in November and
    take our COUNTRY back! Investigations, likely impeachment, and possible arrest,
    of the current administration, and others, will surely follow!! Do the same in 2012 AND
    elect a REAL American Patriot for President. Only then can we fully restore this great
    Nation to a Constitutional Republic with a Government OF the People, BY the People,
    and FOR the People! YES WE CAN!

    The dates on which the 2010 Primary Elections are being held are listed by State
    and Territory at http://www.fvap.gov/resources/media/vaghandout3.p… You will
    need the latest version Adobe Reader installed on your PC to view this .pdf file.
    Washington State and Wyoming will hold their Primary Elections on August 17, 2010.

    • jos says:

      Hope we actually CAN vote in Nov & that Obama hasnt shut down the elections.

      • Wlmitch1 says:

        Obama would not DARE shut down the November elections. Civil War would immediately erupt, and he and his radical Leftist cohorts would be in for a very rude awakening when they saw the U.S. Military siding with the American People, not him and his Stalinist Chicago thugs!

  3. THE TRUTH says:


  4. Anonymous says:

    Oh, please! You can't trust either of these idiots….they're crooked politicians!

  5. EddieW says:

    One skunk telling us the other skunk don't stink!!! How can we trust anyone who lies as much as Obama does…I truly hope the people of Chicago…if they have the right to vote fairly…no rigged machines…will throw this bum out!! but rigged machines have always been a way of life in Chicago!! So freedom to vote most likely doesn't exist there!!! The entire Ill. machine is corrupt!!!

  6. desert says:

    Any time this clown says you can "trust" someone….run!!! lying sack of crap!!! imo

  7. Gary Sommers says:

    Nothing short of treason against the American People.

  8. Budswisr1 says:

    So far he has only cost taxpayers 390 million and not even elected. We can sure trust Obama , so we know he will fit right with that gang of mobsters now ruling Washington, When Obama says trust me, well I do about as far as I can throw the White House underhanded.

  9. Carol says:

    A blooming idiot would know not to trust the illegal alien, the citizen of Kenya because every time he moves his lips he lies. He has never associated with people other than muslims communists, marxists, socialists and that is exactly the type he has around him now. His agenda is to destroy this country. Read "The Manchurian President" and believe me you will be greatly educated about this b-s-a-d!!!!!!!!!

    • Kathy says:

      I have about 30 pages to finish the Manchurian Candidate….everyone should read this book……amazing what this muslim man in OUR Whitehouse has been doing , so much that we don’t hear from our doomed newspapers and TV news. We are in deep trouble with this imposter!!!!

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  11. Dee says:

    obummer gravitates to all these corrupt people. Alexi Giannoulias does not need to be in
    any government position. Let him go dig ditches.

  12. finian says:

    So the con man will personally vouch for him huh? But who will vouch for the con man?

  13. susan says:

    hay this is the only way he can go, look at all the so called good people around him. you are what you hang with and he hangs with killers racistand trash . he could care less about this country ,he want to be ruler . hell no save America . we want our country back.

  14. dandee says:

    Just another friend of the Obama clan. He probably couldn't be trusted any more than the president. And we all know how much our president can(not) be trusted, don't we? He loves to talk a big talk, and that is as far as it ever gets, when it comes to helping our citizens and country.

  15. Micheal says:

    When a politician – especially osama-bama – says trust me. Look out and get the hell out of the room, because it is likely going to get hit by lightning!

  16. Redifredi says:

    How do you know obama is lying? His mouth is moving. This impostor is undoubtedly the lowest form of humanity that this world has ever seen. He is nothing more than a puppet Pied Piper, leading the foolish to their doom. I am sure that this nation is absolutely headed in the direction that he believes it should be. To obama, that direction is DOWN, BROKE and under his control. I have news for him!! We will not stand still and allow that to happen!! By whatever means the people choose or are forced to use, it will not happen. It appears, to myself and a great many friends, that we are being backed into a corner by this administration. When you find yourself in such a situation, there is only one way out and that is directly OVER the antagonizer. Katy!! Bar the Door!!!

  17. GoodOleBoy says:

    The problem is the RNC and RNSC endorsed candidate is Mark Kirk. He is has the lowest conservative ranking of Republicans in the house. He is anti gun ( F- By the GOA ) pro late term partial birth abortion, and voted for Cap and Trade. He has Democrats more conservative than him in the rankings. There were very good conservative Republicans in the primary but it was held in Feb, and there was little time for them to raise money. The RNC and RNSC endorsed him instead of good conservatives. He also had a big campaign fund as he was in the house for years.

  18. William L. Sasman says:

    The only problem here is that the creeps of that state will elect him and congress will welcome him with open arms. Just like they welcome all the creeps that he has brought forth out of the gutter. People just will not wake up to obama and his no-class of eegheads.

  19. Martha says:

    This man is an ememy of America with a Muslim agenda. Unfortunately the uneducated and the poor and blacks in this country dont' really understand what that will mean down the road. They are looking at what government can give them right now . Educated Americans want what is good for the country as a whole. Islam is a bigger foe than we realize and we need to live and vote like our lives depend on it. Ultimately we will see that they do. Their aim whether "peace loving" or jihadist minded is the same…to overcome and control with their law…sharia law. Talk to your friends and family who might vote the wrong way in November….educate them. It is a matter of life and death.

  20. Jon Darmes says:

    I beleive Obama and I trust Auchi exactly as much as I trust Obama. I trust him to do his level best to destroy this country.

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