I just heard John Elliott say that Carlyle Group lost it's a** today!

[napi21]

They went public in August (I think that's' what he said) at $19.00 a share, last week it was worth $12.00 a share, and today it's woth 18 CENTS a share!!!! Is that the same Carlyle Group that the Bushies own?

[Jane Austin]

1. It was just a smallish fund they ran called the Carlyle Corporation,

or something like that.

It wasn't the Carlyle Group that foundered. :(

[Maven]

2. Well, not the entire Carlyle Group, but a subsidiary

Carlyle Capital - the subsidiary dedicated to mortgage debt investment. Lost something like 85% of its share value.

[napi21]

3. Thenks for the name of the fund. I checked on it, and although

it sure wasn't "The Carlyle Group" they lost a big chunk of money!

http://www.nytimes.com/2008/03/13/business/worldbusiness/13cnd-carlyle.html?em&ex=1205640000&en=6a369e43f6475e98&ei=5087%0A

$150 million through a line of credit they extended to the losing fund, and 15% of the fund's securities. I don't know just how much that 15% is equal to, but it's sure not petty cash, and it's got to have the Bushies a bit unhappy tonight!

[Hannah Bell]

4. i've heard it's opm they lost...

other people's money. "investors'." not their own.

[babylonsister]

5. I heard NO ONE bailed them out. Hmmm, don't know why. Unlike

Bear Stearns. Any ideas out there?

[MADem]

6. They still own Dunkin Donuts!!! Every time you buy coffee and a donut there, you help those

miserable bastards.

[Cleita]

7. Isn't this how the Bushes traditionally make their money?

They get a company and run it into the ground all the time they are feathering their own nest with investors' money. When the cash cow runs dry, then they either sell, claim bankruptcy or get someone to bail them out, like the taxpayers. They seem to have a history of this.

Kitty Kelley in her book "The Family" goes into some detail about the Bush business dealings and how they make money this way.

[slampoet]

8. It was the same with the Railroads in the 19th century.