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Post by jeffolie on Aug 28, 2007 11:11:30 GMT -6
August 28, 2007 Carlyle bails out its $20bn Dutch fund Carlyle Capital takes a $40m loss on fire sale of $900m worth of assets and warns the dividend will not be paid. Carlyle, the private equity group, has been forced to double the size of a loan to its Dutch-listed investment vehicle after the struggling fund embarked on a string of asset sales and admitted it had been unable to meet recent margin calls. business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2339393.eceWhy did I post about just another fund in trouble when it seems that all sorts of funds and banks are getting bailouts? Because alot of troubled redemptions are going to hit at the end of September. Then, a lot of funds are going to be looking to raise money to make good on the demands for redemptions; or, the funds will not make good and collapse. This will spill lots of assets out onto the marketplace for sale at fire sale prices and perhaps there will be 'no bids' events.
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Post by beachbumbob on Aug 28, 2007 11:51:08 GMT -6
dominoes in motion stay in motion until last domino is down
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Post by graybeard on Aug 28, 2007 23:00:05 GMT -6
Hmm, I believe the Bush Crime Family is heavily invested in Carlyle. Ah, sweet revenge.
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Post by unlawflcombatnt on Aug 29, 2007 3:09:25 GMT -6
August 28, 2007 Carlyle bails out its $20bn Dutch fund Carlyle Capital takes a $40m loss on fire sale of $900m worth of assets and warns the dividend will not be paid. Carlyle, the private equity group, has been forced to double the size of a loan to its Dutch-listed investment vehicle after the struggling fund embarked on a string of asset sales and admitted it had been unable to meet recent margin calls. Couldn't happen to a nicer bunch of guys.
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Post by blueneck on Aug 29, 2007 4:10:16 GMT -6
So are the Clintons - thats part of the reason Bill is so buddy buddy with Bush Sr, and Hillary is just another corporate shill.
The Saudis are also involved in Carlyle. Remember those guys - helped finance Bin Laden.
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