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

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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 12:54 AM
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I just heard John Elliott say that Carlyle Group lost it's a** today!
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?
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Jane Austin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 12:56 AM
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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. :(
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Maven Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 12:59 AM
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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.
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 01:06 AM
Response to Reply #2
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/worldbusines...

$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!
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 01:15 AM
Response to Reply #3
4. i've heard it's opm they lost...
other people's money. "investors'." not their own.
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 01:22 AM
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5. I heard NO ONE bailed them out. Hmmm, don't know why. Unlike
Bear Stearns. Any ideas out there?
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 01:28 AM
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6. They still own Dunkin Donuts!!! Every time you buy coffee and a donut there, you help those
miserable bastards.
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 01:30 AM
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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.
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slampoet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 02:12 AM
Response to Reply #7
8. It was the same with the Railroads in the 19th century.
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