MF Global chief missing $1.2B is financial adviser to EPA

[JBond]

Obama knows how to pick the winners...

http://www.washingtontimes.com/news/...l-adviser-epa/

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.

[VTA]

'So, how else could we drain the fortunes of this country? I know, hire some more 'advisors'.

[ThaBigP]

That ain't the only "made off like a Madoff" MF Global bandit they've tapped...

...and notice the first thing Biden talks about ... shutting down the banks. This was in '09, but we probably have one comming up... they just papered over it for a few years.

[ThaBigP]

So we can go out on a limb and conclude that the MF Global Gang Obama and co. tapped to advise them on matters economic believe the way to fix a bankrupt system is to lock everybody out of their accounts while the bankrupt entity and their buddies raid private accounts to make themselves whole. While at the same time, the regulatory agencies (CME in the case of MF Global, the "FDIC" of the commodities futures exchange) look the other way while the looting is going on, then refuse to make the clients whole. And no charges, either! What? I see noooooothing....