Indeed, the very insurance that was being held in public coffers by the Hellnic Postbank, is today worth approximately 27 billion dollars according to numbers cited by Mr. Kammenos on multiple occaisions. Considering that Greece is now under duress to raise collateral for its “bailout” money, 27 billion dollars would go a long way towards preventing the privatization and sale of the nation’s assets to foreigners (this figure assumes a partial default and subsequent payout). Unfortunately, the Greek government is no longer in possession of this 27 billion worth of CDS, because it sold them in December of 2009, for a paltry 40 million dollar profit. According the Mr. Kammenos, the contracts were sold to a private firm for “high net-worth individuals” founded in 2009, by the name of IJ Partners.IJ Partners, based in Geneva, has a number of well-known Greeks who serve as either managing partners or members of the board, including former IMF economist Miranda Xafa (who intermediated Greece’s dealings with the IMF), former CEO of Piraeus Bank (one of the banks named in a law suit as shorting Greek government bonds during the period in question) and Theodore Margellos, the well-known exporter who was accused of falsely passing off imported corn from Kosovo as Greek produce. I should also note that according to Mr. Kammenos’ accusations, the firm’s Vice President, Mr. Jose-Maria-Figueres, shares board membership on a separate NGO with none other than the Prime Minister’s own brother, Mr. Andreas Papandreou Jr.