1. When Congress asked Bradley Abelow about "previously working with Corzine," close- mouthed Abelow reluctantly mentioned being Gov Corzine's COS.
2. Abelow MADE NO MENTION of Corzine appointing him to head NJ's Dept of the Treasury--- where the two con artists controlled ALL of NJ's tax assets.
3. Abelow and Corzine SHOULD have been pressed about their formation of an investment company while they were principals of NJ govt and controlled its assets. The two "financial geniuses" said they did not known this was illegal.
4. Abelow also failed to disclose his current position---as chairman of the EPA's Financial Advisory Board. NOTE: The current EPA head also served in Gov Corzine's adminstration.
5. Abelow 's financial activities at EPA need top to bottom investigations. We need to know why Abelow is witholding crucial info. What does he have to hide?
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POINTS TO PONDER
<><>Bradley Abelow, an MBA from Yale School of Management, served as chief of Staff to the Governor of New Jersey in the Cabinet of Gov. Jon Corzine.
<><>Corzine first appointed Abelow Sevy f the Treasury.
<><>Abelow and Crozine were top executives at Goldman Sachs.
<><>Abelow was MF Global Chief Operating Officer; Corzine was MF's CEO.
<><> G/S alumni Chris Flowers controlled Corzine's "blind trust" while Corzine was in public office Flowers is also an MF principal.
ANALYSIS It defies imagination and common sense that these "financial geniuses" told Congress they can't figure out where the missing $1.2 billion is. Monies transferred in and out of MF Global continually.....all done by wire transfer------called EFT's. There's a clear record of when, where, and how much for EACH wire transfer......like your cell phone bill. Each call is listed, the number dialed, the time of the call, and the duration.
Corzine and Abelow are making a huge mistake by underestimating the anger of those they left holding the bag----they socked NJ with massive debt, bankrupt state agencies, and a state pension fund 25% lighter, Billions of NJ tax assets are unaccounted for.
<><> Corzine is a well-rounded operator. As Governor, he left the state of NJ $8 billion in debt. $8 billion went missing from one state agency....other agencies like UI and the Transporation Trust Fund went bankrupt with no explanation why. The $82 Billion state pension fund lost about 25%.
<><> OBAMA-CORZINE CONNECTION Right before Corzio’s reelection, Obama sent $17.5 Billion stimulus to NJ-—which promptly vanished. VP Biden is on record as having asked Corzine for financial advice----Biden has a son and a brother involved with the Stanford offshore fraud (Stanford is in jail.)
<><> MF Global principal Brad Abelow was Corzine’s appointee as NJ Treasury Secy——controlling ALL NJ assets. Gov and Secy started an investment business——but the two “financial geniuses” said did not know this was illegal.
<><> MF Global principal Chris Flowers handled Sen/Gov Corzine’s “blind assets” ......Flowers led the taskeover of a Japanerse bank for Corzine——Sen Corzine passed a bill giving the bank a US tax break......said he did not know the bill benefitted him.
<><><><> All three of the above-named MF Global principals are G/S cronies.
<><> Corzine registered three corporations in super-secret financial haven——Delaware——BEFORE taking office.
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<><> Ponzi king Bernie Madoff made a generous contribution to Corzine’s gubernatorial campaign.
<><> When he went to jail, investigators found Madoff had stashed billions offshore---into a labyrinth of financial entities. Some $8.9 billion was funnelled to Madoff through a dozen so- called feeder funds based in Europe, the Caribbean and Central America, ......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances. But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny and generate more fees.
<><><><> Then-Gov Corzine made several highly suspicious trips to Israel when he had no political reason to be there. Israel is the only place in the world where you can take a suitcase full of money to a bank-— and noboody asks where it came from. Isreal also has many businesses in NJ funded with grants from NJ state tax coffers-----as well as a NJ-based Israeli Chamber of Commerce.
All of these entities need rigorous investigation.