Politically influenced Carlyle leads the implosion in private equity groups – the third wave of financial meltdown
Sean Anderson
Mar. 10, 2008

The Carlyle private equity group has the big politicians all over the world, especially US and UK, backing it. But it is reeeling under pressure with its highly leveraged Carlyle Capital Corp defaulting on margin calls.

The heavily-leveraged Carlyle Capital Corp (CCC) invested in AAA-rated mortgage securities. It received $400m more margin calls from lenders after it failed to staisfy previous margin calls to the tune of $20 billiuons.

The drop in the value of securities issued by US government agencies Fannie Mae and Freddie Mac has caused the CCC into a dtch. It wants a bankruptcy type agreement with its lenders after some of them liquidated almost a $8 billion in residential mortgage-backed securities. The lenders are eager to liquidate another $12 billion withoiut getting into any more discussions with this financial Titanic sinking fast in the financial meltdown ocean.

This the third wave of financial meltdown. The collpase and bankruptcy of private equity groups lead this round of financial collapse in the world economies.

Politically influenced Carlyle leads the implosion in private equity groups – the third wave of financial meltdown
Sean Anderson
The Carlyle private equity group has the big politicians all over the world, especially US and UK, backing it. But it is reeeling under pressure with its highly leveraged Carlyle Capital Corp defaulting on margin calls.
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