Maybe there is justice in the world

[unclejimbo]

Carlyle Capital Nears Collapse as Rescue Talks Fail

Carlyle Group said creditors plan to seize the assets of its mortgage-bond fund after it failed to meet more than $400 million of margin calls, heightening concern about a lending freeze that led to a plunge in the dollar and global stock markets.


The Carlyle Group has been a major supporter of 'W', Reagan and Bush I. That they are now being hit over the head with the end result of 'Reagonomics' is truly a fine example of irony.

I hope they go broke.

Comments

[zedmanauk.livejournal.com]

Unfortunately it is just their European branch, which the American Carlyle Group is making every effort to distance itself from. They'll probably blame the company's collapse on those darn European Socialists overregulating business.