**Written by Doug Powers
We already know that MF Global CEO Jon Corzine was a coveted economic advisor to the Obama administration, but the company’s COO, Bradley Abelow, has also had a hand in designing the economy.
Abelow, who also served as chief of staff to Jon Corzine during his tenure as New Jersey governor (and rumor has it he might also be a Vulcan), has been advising the Environmental Protection Agency, perhaps on how to safeguard America’s economic lungs from inhaling any of the $1.2 billion that went up in smoke during his MF Global tenure.
From the Washington Times:
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.
It might seem odd that the EPA even has a “financial adviser,” considering the agency appears to exist in order to design ways to cripple and subsequently bankrupt private industry, but if that’s the goal then I suppose an MF Global exec was a good choice for the position.
Sure enough, Abelow is still listed on the EPA’s Financial Advisory Board page:
I know what you’re thinking: “How did this guy not end up as a green loans adviser for the Department of Energy?” Give it time… give it time.
**Written by Doug Powers
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