Article Image
IPFS News Link • Economy - Economics USA

Carlyle Capital misses margin call on $21.7 billion

• CalculatedRisk.blogspot.com
The 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.

4 Comments in Response to

Comment by Powell Gammill
Entered on:
Here is more coverage on this huge story:

http://agonist.org/numerian/20080306/bush_family_piggy_bank_receives_default_notice

Comment by Powell Gammill
Entered on:

OK, I meant Jack.

Comment by Powell Gammill
Entered on:
Good catch Mike.

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

Comment by Powell Gammill
Entered on:

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.



thelibertyadvisor.com/declare