Nobody can say Alexi Giannoulias's Senate campaign wasn't ready for his family's bank to go under.

The Illinois Democrat's campaign on Monday launched its first general election ad, and the candidate asserts he is "very proud" to have worked for Broadway Bank.

"It's helped thousands of people achieve the American dream -- people who couldn't go to the big banks," Giannoulias says of the bank, adding that, "when I left over four years ago, it was in good shape."

Giannoulias closes by saying: "If a business like my father's that he started 30 years ago can fail, it's happening everywhere. People want someone who's going to fight for them."