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Broadway Bank

Former Bears quarterback Jim McMahon (CBS)

Report: Jim McMahon Being Investigated For Bad Bank Loans

Former Bears quarterback Jim McMahon is being investigated by the Federal Deposit Insurance Corp. for bad loans handed out by Broadway Bank.

CBS Chicago–04/09/2012

Alexi Giannoulias (Photo by Brian Kersey/Getty Images)

Feds: Loans Took Down Giannoulias Family Bank

Federal investigators say the issuance of too many real estate loans was the cause of the demise of Broadway Bank.