October 10, 2013

What, Us Worry?

Patrick Marren
Partner

The Financial Times has a story that causes our eyebrows to rise well above half-mast this morning.

 

With Greek banks' splendid history of rigorous management and Wall Street hedge funds' impeccable eye for risk and record of spreading nothing but goodness and light in countries in which they invest, what could possibly go wrong? 

(Greek government representatives Timeo Danaos & Dona Ferentes have assured the hedge funds that dragging this gift horse inside the city gates without looking too closely at its grill is perfectly safe.) 

Thoughts?