EPA chief financial adviser was COO of MF Global

Washington Times:
During two days of recent congressional hearings into how as much as $1.2 billion disappeared fromMF 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 theEnvironmental 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, Congressand the administration have voiced no public concern about Mr. Abelow’s role advising the $8.6 billion government agency on its finances.
“EPA relying on Wall Street for financial guidance is like the blind leading the blind,” said Jeff Ruch, president of Public Employees forEnvironmental Responsibility, a nonprofit environmental advocacy groupbased in Washington.
“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.”
... 
I am not anti Wall Street like Ruch, but I am anti incompetence which seems to have been rampant at MF Global.  Losing customer funds is like a bank that loses track of depositors funds.  It is just not acceptable.  Someone in that position has no business looking out for government investments either.

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