Illinois Senate Seat — Another GOP Pickup?

Jennifer Duffy of the Cook Political Report tells us (subscription required):

As expected, the Federal Deposit Insurance Corporation seized control Friday of Broadway Bank, the community bank owned by the family of Democratic Senate nominee Alexi Giannoulias. Giannoulias worked as the bank’s chief loan officer from 2002 until 2006 when he was elected state Treasurer.

You can bet Illinois Democrats will be combing the state election laws. Can they dump Giannoulias? What if he refuses to leave the race? Could they find a viable replacement? All these questions swirl because Illinois Democrats were apparently in a world of their own when they elected him as their nominee. It’s not as if his ties to Tony Rezko and Illinois mobsters were not known. It’s not as if they didn’t know of his bank’s financial shakiness. But they plunged ahead, seemingly convinced that any Democrat could win in Illinois. Well, not this year and not in a year when the entire Democratic leadership is banking on populist anger against banks to turn out their base. It is, to put it mildly, a bad case of message confusion.