If Alexi Giannoulias is the Democratic nominee for U.S. Senate, Democrats will lose Barack Obama’s Senate seat in 2010.

Adding to the list of his Bright Start cover-up, loans to Tony Rezko and other misleading statements, Alexi Giannoulias just added another pound of baggage to his heavy load.

Today, Jan 26th, Crain’s Chicago Business is reporting that Regulators have clamped down on Giannoulias’ Broadway Bank.  According to recent polls, Giannoulias, is the frontrunner with David Hoffman gaining ground rapidly and 27% of the electorate undecided.

First let me underscore that this is President Obama’s former senate seat and we know that Republicans will spend 10-15 million trying to win it back with a formidable opponent in Republican Mark Kirk.