We don't normally comment on investment related issues, but an article in the Daily Mail, a UK newspaper, caught our eye. In an expose across a range of metrics related to the Greek economy, the Mail noted, for example, that only 5,000 people in this country of 12 million declare a taxable income in excess of GBP90,000. The latest trick from the wealthy Athens socialite set? Buy camouflage netting to disguise your swimming pool from helicopters looking to identify wealthy families who haven't paid taxes.
The big banks in Paris, Frankfurt and London must have very big loans outstanding to Greece to want to save this debacle.
Hedge Fund Operational Due Diligence
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