The latest example of right-wing malfeasance is the MF Global scandal. You know, those evil, Tea Party loving robber barons. They steal the money from the poor unassuming public, drive the business into bankruptcy and then claim they can’t find the money they stole.
Wait…you mean none of these Wallstreet big shots is a republican? That can’t be. This completely shatters my worldview. Haven’t we been told, right = Sheriff of Nottingham, left = Robin Hood?
Well, the fact is that most of the so-called Wallstreet fat cats are democrat. It’s just a shame the general public isn’t aware of it.
As I just stated, take the MF Global scandal. The company is bankrupt & has misplaced 1.2 billion dollars. That happens to me every week.
MF Global declared bankruptcy Oct. 31 after telling regulators that the company had about $6.3 billion in debt from Ireland, Italy, Spain and other European countries and after credit ratings services downgraded the company’s status to “junk,” the company said in court records.
At the center of this firestorm is ultra-liberal democrat ex senator, ex-governor, Jon Corzine. He was the chieftain at MF global. Jon testified to Congress that he just doesn’t know where the money is. Good enough for me. Go in peace, Mr. Corzine.
Imagine, if you will, ex V.P. Dick Cheney testifying the same way. Cheney, “Really, gentlemen, I don’t know where the money went.” Congress, “Ok boys, grab that rope. Let’s string him up.” You know it’s true.
One that hasn’t gotten the press of Jon Corzine is Bradley I. Abelow. He was the President & COO of MF Global Holdings, Ltd.
Bradley too, testified in front of the Congress & Senate, repeating the Corzine line. He doesn’t know where the money is.
So he has nothing different to say. Why bring him up?
It turns out that Mr. Abelow has another job. Bradley is also a financial advisor to the Environmental Protection Agency. Yep. He’s the chairman of the EPA’s financial advisor board. That’s a laugh, eh?
EPA, “ Ok, Mr. Abelow, why should we hire you as our financial advisor?” Bradley, “Well at MF Global, I lost over a billion dollars.” EPA, “That’s good, but not good enough.” Bradley, “ I also know some important people.” EPA, “Now we’re talking. You’re hired. Sign here, here & initial here.”
Abelow has ties to EPA administrator Lisa Jackson through former New Jersey Gov. Jon Corzine. Each served at different times as the governor’s chief of staff. When Mr. Corzine lost his bid for re-election and later joined MF Global, Mr. Abelow followed.
The EPA says the financial advisory board members include, “prominent experts from all levels of government, including elected officials, the finance and banking communities, business and industry and national organizations.” That’s ok then, as long as they’re experts.
“EPA relying on Wall Street for financial guidance is like the blind leading the blind,” said Jeff Ruch, president of Public Employees for Environmental Responsibility, a nonprofit environmental advocacy group based in Washington. PEER is no right-wing group, for sure, but even they are asking questions.
Mr. Abelow did offer a heartfelt apology to the House & Senate committees. I’m sure the more than 2500 soon to be unemployed workers & the swindled investors will take solace & feed their families on that.
Attribution: Washington Times