Guess who's buying our bellyup banks...

[elehhhhna]

Carlyle Sets Its Sights on Battered Banks
Private-Equity Firms Seek New Source Of Returns Amid Slow Buyout Market

Olivier Sarkozy is head of the Carlyle team looking at bank deals.

By Thomas Heath
Washington Post Staff Writer
Monday, June 15, 2009

With the leveraged-buyout business on life support, major private-equity firms such as the Carlyle Group are taking a closer look at the battered banking sector as a way to make money for their clients.

Last September, District-based Carlyle invested $75 million in Boston Private Financial Holdings. Last month, it was part of a group that injected $900 million into Florida's BankUnited. Carlyle was part of a group looking to buy Atlanta-based Silverton Bank earlier this month, until regulators decided to liquidate the institution instead.

Private-equity firms have long eyed the financial services industry, but the sector took a back seat over the past two decades as private equity pursued fat returns fueled by leveraged-buyout deals. Until recently, those buyouts helped Carlyle generate an annual net return of 26 percent across the firm.

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/14/AR2009061402268.html

[Mari333]

1. god, wheres my tinfoil hat on this one nt

[elehhhhna]

2. mari! how've you been?

[Mari333]

3. hi hi hi there

been slugging along and HUGS to you

[Rex]

4. Paging Octafish!

SOME of us on this forum knew this would happen and FOR YEARS have warned that certain companies will take over the world.

EDIT - I wonder which paymaster is behind this one?

[hootinholler]

6. It *is* an interesting coincidence

That during the administration of the son of one of the key players, the banks go south and Carlyle has plenty of money to 'help them out'.

I seem to remember something similar during Poppy's administration.

-Hoot

[madrchsod]

5. where`s blm?.....