LiberTBell
08-18-2008, 01:20 PM
Good news for all those who owuld like to see justice for the Bush family.
One of their favorite money making engines is (to use the right's own term) "starving on the vine" slowly.
"Carlyle Tries To Weather Rare Setbacks "
"Carlyle Group over the past two decades has built a sterling reputation as one of the most successful private-equity firms in the world, with a stable of advisers that has included former presidents and prime ministers, investment returns that have earned billions for clients, and a trio of founders who became fabulously wealthy -- all with nary a hint of losses.
But the near-mythic reputation that started in 1987 has been bruised over the past several months as the District company has endured some high-profile financial troubles.
It started in March with the $700 million implosion of Carlyle Capital, an offshore public company that invested in mortgage-related securities. The company's business was to borrow money to buy the securities and to make money on the difference between the firm's borrowing costs and what it earned on the interest paid on the bonds. But when the value of those securities dropped, lenders asked for more cash; they foreclosed when Carlyle refused.
Carlyle suffered another hit last month when........."
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/17/AR2008081702020.html?hpid=sec-business
I'm loving watching this happen.....
It couldn't happen to a nicer group of folks... LOL
As one of the commentor's on the artical pointed out, "When you hear the term "industrial military complex" think Carlyle.
Their "sterling reputation" comes from dealing in war mongering, death and destruction. The majority of their profits are from war profiteering blood money."
I could not agree more.
One of their favorite money making engines is (to use the right's own term) "starving on the vine" slowly.
"Carlyle Tries To Weather Rare Setbacks "
"Carlyle Group over the past two decades has built a sterling reputation as one of the most successful private-equity firms in the world, with a stable of advisers that has included former presidents and prime ministers, investment returns that have earned billions for clients, and a trio of founders who became fabulously wealthy -- all with nary a hint of losses.
But the near-mythic reputation that started in 1987 has been bruised over the past several months as the District company has endured some high-profile financial troubles.
It started in March with the $700 million implosion of Carlyle Capital, an offshore public company that invested in mortgage-related securities. The company's business was to borrow money to buy the securities and to make money on the difference between the firm's borrowing costs and what it earned on the interest paid on the bonds. But when the value of those securities dropped, lenders asked for more cash; they foreclosed when Carlyle refused.
Carlyle suffered another hit last month when........."
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/17/AR2008081702020.html?hpid=sec-business
I'm loving watching this happen.....
It couldn't happen to a nicer group of folks... LOL
As one of the commentor's on the artical pointed out, "When you hear the term "industrial military complex" think Carlyle.
Their "sterling reputation" comes from dealing in war mongering, death and destruction. The majority of their profits are from war profiteering blood money."
I could not agree more.