Jo Terlato. 2006 campaign for Illinois State Treasurer Although the state Democratic Party led by House Speaker Mike Madigan backed his opponent, Paul Mangieri, in the primary, Giannoulias was endorsed by U.S. Representatives Jan Schakowsky and Jesse Jackson, Jr. and by then-Senator Barack Obama. The Chicago Sun-Times news group also endorsed Giannoulias in the general election, arguing that he would "bring valuable private enterprise experience from banking to the job" and praising his "creative" policy proposals like a securities lending program, improving Bright Start, and promoting green energy. Running on a campaign platform that emphasized comprehensive ethics reform for the Treasurer's office, Giannoulias won the March 2006 primary and went on to defeat Republican candidate Christine Radogno in the general election. Actions in office Ethics reform On his first day as State Treasurer, Giannoulias "signed an executive order to enact the most comprehensive, widest-ranging ethics package of any elected official in the state", according to his official state website. "The order prohibits [the Treasurer] from accepting contributions from banks, Treasurer's Office employees and contractors who do business with the office." He also moved to foreclose on two debt-ridden hotels built in the 1980s by politically connected insiders in Springfield and Collinsville. Hartmarx In 2009, Giannoulias worked to encourage Wells Fargo to cooperate in the sale of Chicago-based clothing manufacturer Hartmarx Corp., which was at risk of liquidation and had filed for Chapter 11 protection. The success of this sale with Giannoulias' support saved over 600 jobs at an Illinois Hartmarx factory that otherwise would have been closed. Wells Fargo, a primary lender for Hartmarx, is also "the money custodian for the treasurer's office, holding its cash and other financial assets." Giannoulias publicly challenged Wells Fargo's obstruction of the sale, stating that "[Wells Fargo's] intention to liquidate Hartmarx rather than allow a sale to buyers intent on keeping the company running will significantly jeopardize the business relationship between Wells Fargo and the state of Illinois." Giannoulias cited the fact Wells Fargo received over $25 billion in federal TARP bailout funds as further reason why the bank should have supported the sale of Hartmarx instead of pursuing the company's liquidation. In a public statement, Giannoulias said, "We expect companies that get state and federal taxpayer money to invest it in American jobs and American workers, not destroy companies that still have a chance to succeed." Green Rewards Giannoulias launched the "Green Rewards"