Thursday, March 13, 2008
Carlyle Capital On Brink Of Collapse
From a Forbes.com article by Vidya Ram:
"Carlyle Capital stood on the brink of collapse on Thursday as lenders were expected to take possession of all the investment fund's remaining assets after failing to reach an agreement on $16.6 billion of debts. Hopes that its parent company, the Carlyle Group would come to the rescue have also failed to materialize. "
Click here for the full article. For those who don't know the Carlyle Group is a Private Equity firm whose principles and board members inlcude: George H.W. Bush, George Bush and former Birtish prime minister John Major.
Online: Website | Wikipedia
Labels: GOP incompetence, The Carlyle Group
