Two years ago, city of Chicago inspectors showed up at the Daley family’s longtime political headquarters, a stout brick structure in Bridgeport that houses offices for Cook County Commissioner John P. Daley, his nephew Ald. Patrick Daley Thompson and the 11th Ward Regular Democratic Organization they control. Spurred by a neighbor’s complaint about loose bricks, the inspectors discovered code violations at the building at 3659 S. Halsted St. that required costly repairs including exterior brickwork, new drywall and the removal of plumbing fixtures and wiring, city records show. To pay for that, Thompson turned to a neighborhood bank, Washington Federal Bank for Savings. He got an $80,000 loan, unsecured by any collateral, that was deposited into the 11th Ward campaign fund that’s controlled by Daley. Thompson got the loan in October 2017, as federal regulators were turning up financial irregularities at Washington Federal. Within two months, the bank president would be found hanged at a customer’s home in a death ruled a suicide. And authorities would shut down the bank over millions of dollars in unaccounted-for loans — losses that now total at least $80 million, according to the Federal Deposit Insurance Corp. Thompson’s loan is now part of a… Read full this story
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