Sure there are big problems to deal with here as Greece is the tip of the iceberg.

FORBES: Ms. Market is Talking and Investors Should Listen Carefully

The ECB, IMF, Sakozy and Merkel may as well forget their Greek problems as small fry now, as Italy and Spain are on the cliff top and about to tip into the abyss and, if they do, France will likely follow.

FORBES: To Save The Euro Germany Must Print Money

And if I'm not mistaken, and, Gene, you may have the figures on the tip of your fingers here -- but less than 1 percent of the overall funding indicated that there were any problems in terms of fraud or misallocation of resources, et cetera -- I mean, an extraordinarily low number.

WHITEHOUSE: Meeting of the President's Council on Jobs and Competitiveness | The White House