Get some popcorn and watch this story....

[Aviation Pro]

...this is the story that will cause President Insane and Shitstain Shoots-Guy-In-Face to piss in their pants. You can destroy three countries (Iraq, Afghanistan and the U.S.), but you must not ever fuck with the money of the puppetmasters:

Carlyle Fund's Assets Seized
Leaders Fail to Stop Securities Sell-Off

By Thomas Heath
Washington Post Staff Writer
Thursday, March 13, 2008; D01

A publicly traded affiliate of the Carlyle Group said yesterday that lenders were seizing its assets, sending the fund, Carlyle Capital, into insolvency.

The collapse of Carlyle Capital is the first time a Carlyle Group fund has failed and is a stinging embarrassment for the District private-equity powerhouse, which has built an international reputation with a client list that reaches around the world.

The high-profile downfall, part of the broad turmoil in credit markets worldwide, followed a week of frantic negotiations between the Carlyle Group and a number of lenders. Carlyle Group's three founders as recently as Monday were considering injecting cash into the fund as a way to usher it through the credit crisis.

[annabanana]

1. How does this work? WHO seizes the assets?

And how?

[Aviation Pro]

2. Probably the creditors or the Feds....

...again, never fuck with the money of the puppetmasters.

[Ghost in the Machine]

4. In a statement, Carlyle Capital said that it had been unable to meet margin calls in excess of $400

In a statement, Carlyle Capital said that it had been unable to meet margin calls in excess of $400 million over the past week and that it expected its lenders to take control of its remaining assets. The lenders, headed by Deutsche Bank and J.P. Morgan Chase, began selling the securities last night, according to a report on the Wall Street Journal's Web site.

:rofl: I wish the whole Carlyle Group would fold...

[hamnose]

3. Almost makes me piss my ants too

This has been expected for quite a while. But it isn't good just because it isn't good for Pres. shit-for-brains ad his incompetent gun totin side-kick. This is bad for all of us.

[annabanana]

9. I understand that there might be pension fall-out..

This could hit Seniors very hard.

[WritersBlock]

5. I hope you're right.

I just have to wonder how badly this will really be hurting them, though.

[woodsprite]

11. I wouldn't think it'd really hurt the Bushies that much.

After all, wonder how much of their money they already have converted into Euros. I'm worried about myself and everyone else in the retirement plans/state pensions, whose funds are invested thru TIA/CREFF, and others.

[bluerum]

6. Don't worry. Bernake will bail them out - using our equity and stock value.

[malaise]

7. It's the biggest story on BBC this morning n/t

[anniebelle]

10. I wonder if our 'crack' journalists know about this?

Probably got their noses so far up bush and cheney they haven't heard about this monster story.

[OmmmSweetOmmm]

8. Last week it was speculated that Carlyle was purchasing a CIA contractor Booz Allen Hamilton.

http://www.corpwatch.org/article.php?id=14963