Carlyle Capital misses margin call on $21.7 billion
• CalculatedRisk.blogspot.comThe company leverages its $670 million equity 32 times to finance a $21.7 billion portfolio of residential mortgage-backed securities issued by U.S. housing agencies Freddie Mac and Fannie Mae.




Fortunately, this speculation was guaranteed by the federal government, so these investors were never at risk of losing any money. Pity, they would have reaped all the rewards for their courageous manipulation of $670 Million in tangible assets into $21.7 Billion of paper wealth. It won't cost the taxpayers a dime. It will cost them 150,000,000,000 dimes.
I forgot the Bush family connection to the Carlyle Group:
http://en.wikipedia.org/wiki/Carlyle_Group#Controversy
http://www.hereinreality.com/carlyle.html
http://www.informationclearinghouse.info/article3308.htm
OK, I meant Jack.
http://agonist.org/numerian/20080306/bush_family_piggy_bank_receives_default_notice