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During two days of recent congressional hearings into how as much as $1.2 billion disappeared from MF Global customer accounts, the chief operating officer of the imploding investment firm responded again and again that he did not know.
Yet as the House and Senate interrogated Bradley I. Abelow and other top executives at MF Global Holdings Ltd., lawmakers did not mention Mr. Abelow’s role as a financial adviser for the Environmental Protection Agency, which as of Tuesday listed him as the chairman of its financial advisory board.
Even as he finds himself the public face of a bankruptcy and admitted to lawmakers that he had no idea how client funds disappeared, Congress and the administration have voiced no public concern about Mr. Abelow’s role advising the $8.6 billion government agency on its finances.
“In Abelow, you have a Wall Street executive who just presided over the disappearance of $1 billion in investor funds purporting to help guide federal infrastructure financing.”
It’s unclear how Mr. Abelow landed the chairmanship of the EPA financial panel, a position he noted in his biography on the MF Global website, which has since been removed.
Originally posted by xuenchen
Did Obama know this ?
Originally posted by AugustusMasonicus
Originally posted by xuenchen
Did Obama know this ?
I would be shocked if he did not considering Mr. Abelow's boss, one John 'Imbecile' Corzine, was being bandied about as Treasury Secretary.
Originally posted by NoHierarchy
WOW...
MF Global is part of one UGLY network of corporatists...
Check this out:
The Koch Brothers and MF Global - Friends to the End