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| Subject: Re: I heard or read somewhere that Carlyle moved their HQ to thier Dubai office? | |
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Author: jw |
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Date Posted: 19:57:35 03/11/08 Tue In reply to: Stephen 's message, "I heard or read somewhere that Carlyle moved their HQ to thier Dubai office?" on 19:44:31 03/10/08 Mon Tuesday the fed bailed out predetory lenders by somehow trading thier subprime bonds for federal credit. Why don't they just give the homeowners loans directly, instead of bailing out predetory business crooks? The stock maret soared in spite of continued record high energy prices. The irrationality of this is that not only did banks and mortgage lenders go up, but every sector of the economy rose except for health care. Most importantly, the transportation stocks went up, now that is somewhat stupid, the federal bail out will not help them, but the continued rise in oil prices will directly hurt them. This rally will not last. There is a history of attempts to pump up the stock market during crashes, sometimes they are open about it, like J.P. morgan's buying of stock during the 29' crash or various government and private institutions buying stock after 9/11. It this case, i dought it will work, we have 2 events that by themselves would cause significant recessions, the real estate crash and the inflation crisis. Fed chairman bernanke once proposed pumping up the economy by dropping money from helicoptors, now he is dropping money on predetory capitalists from airbus 380 cargo planes! > >href="http://www.turkishdailynews.com.tr/article.php?en >ewsid=59610">http://www.turkishdailynews.com.tr/article >.php?enewsid=59610 > >One wonders if they are running for cover or what. > >Also, can't help but notice that stock markets and >bonds both declined over 1% today, Monday, and not a >word on the news about it. > >>Looks like our good friends at the carlyle group are >>in some financial hot water. I checked wikipedia on >>carlyle group, it is claimed they have 75 billion in >>assets, liquidation of 16 billion should give dick >>chaney a pin prick. >> >> Send in the arab and chinese clowns! >> >>Carlyle Tries to Hold Off Lenders >>By JANE WARDELL – 2 hours ago >> >>LONDON (AP) — Carlyle Capital Corp. Ltd is in talks >>with creditors to prevent the liquidation of some $16 >>billion in securities, the listed mortgage-bond fund >>said Monday. >> >>Carlyle Capital shook financial markets last week >>after missing margin calls from banks on its $21.7 >>billion portfolio of residential mortgage-backed >>bonds. It said some $5 billion in securities held as >>collateral may have already been sold. >> >>The fund, an affiliate of the U.S.-based private >>equity firm Carlyle Group, warned that if it fails to >>reach an agreement with remaining lenders, all of its >>securities may be liquidated. >> >>"While these talks continue, the company has discussed >>and requested a standstill agreement whereby its >>lenders would refrain from foreclosing and liquidating >>their collateral, and we are awaiting responses," the >>fund said in a statement. >> >>The trouble at Carlyle Capital has raised fears that >>their assets will flood the market, further depressing >>prices on fixed-income securities. The securities have >>dropped sharply in recent weeks as banks pull back on >>lending to funds and investment vehicles, leading to >>forced asset sales. >> >>Shares in the fund, which trade on Euronext Amsterdam, >>were suspended Friday. The stock fell nearly 60 >>percent to $5 Thursday when Carlyle Capital revealed >>it had failed to meet margin calls with four banks the >>day before. >> >>Shares will not be reactivated until Dutch stock >>markets watchdog AFM receives more information from >>Carlyle Capital, said Paul van Dijk, a spokesman for >>the regulator. >> >>On Monday, Carlyle Capital said it had received more >>than $400 million in margin calls. >> >>The company leveraged its $670 million equity 32 times >>to finance a $21.7 billion portfolio of AAA-rated >>residential mortgage-backed securities issued by U.S. >>housing agencies Freddie Mac and Fannie Mae. >> >>To do this, it enters into repurchase agreements with >>banks, in which it posts the mortgage securities as >>collateral in exchange for cash. >> >>If the value of the security held as collateral falls, >>the lender has the right to ask for more collateral — >>a "margin call" — to secure the loan. If the borrower >>does not meet the margin call, the lender may sell the >>security. >> >>"Due to recent turmoil in the market for >>mortgage-backed securities, the company's lenders have >>significantly reduced the amount they are willing to >>lend against the company's portfolio," Carlyle Capital >>on Monday. >> >>The fund is managed by a unit of Washington, >>D.C.-based Carlyle Group, which is one of the world's >>largest private-equity firms with $76 billion in >>assets under management. >> >>Initially launched as a private fund in 2006, it was >>floated on Euronext Amsterdam last July, selling >>shares at $19 each. >> >>Within weeks of the listing, it was forced to tap >>Carlyle Group for $200 million in emergency funding >>and sold a $900 million loan portfolio at a loss to >>help meet margin calls. >> >>AP Business Writer Toby Sterling in Amsterdam >>contributed to this report. >> >> >>>Thank you for taking the time to clarify this for me. >>>I know you know this stuff. >>> >>>Good luck in the future. Something tells me we can >all >>>use a little luck right now. >>> >>>> One of the scariest bits of news is that food >>>>supplies are extremely low now, as your article >says, >>>>wheat supplies are the lowest level in 60 years, and >>>>there were several billion fewer mouths to feed >>then, >>>>also china was not converting from a largely plant >>>>based diet to mc donnalds cheese burgers. There are >>>>also other reasons for the run up in all >commodities, >>>>the collapse of the dollar has an exagerated effect >>on >>>>commodities prices, along with the lack of decent >>>>investment opportunities. Because stock markets are >>>>failing, real estate is failing, and the US >>government >>>>is keeping interest rates artificially low, well >>below >>>>the rate of inflation, "money" is driving up the >cost >>>>of commodities. Rich people and institutions know >>>>that people must consume commodities, so just like >>>>they threw their money at stocks and real estate and >>>>created bubbles, today they throw their money at >>>>commodities and create another bubble, they become >>>>rich and we all suffer. When there was a stock >>market >>>>bubble in the 90's, it generally did not hurt the >>>>average person. The real estate bubble hurt many >>>>people who needed to buy homes, they were forced to >>>>buy homes at artificially high prices because >instead >>>>of america building a real economy, greenspan and >>bush >>>>perpetuated a real estate bubble to keep the economy >>>>growing for a few more years. now that the real >>>>estate bubble has popped, the commodities bubble is >>>>hurting everyone (except those who trade it), >>>>inflation is surging (except for workers wages, of >>>>course), and our economy is collapsing. >>>> >>>> Notice that every time the fed indicates it will >>>>lower interest rates or does, commodities prices >>surge >>>>higher, and have reached staggering hieghts. The >fed >>>>is not solving the real estate problem because so >>many >>>>americans do not have the financial means anymore to >>>>buy homes even with the artificially low interest >>>>rates the fed offers, but the fed hurts everyone >with >>>>the extraordinary high inflation, they are causing >>our >>>>economy to collapse. >>>> >>>> >>>> There are some thing government can do to ease >the >>>>current crisis. First, raise the interest rates >back >>>>to where they were last spring, and commodities >>prices >>>>will correct rapidly, it will save us alot of >money. >>>>Second, postpone the ethonal fuel program except for >>>>use as a clean air additive, to replace mtbe. >Third, >>>>the government should help homeowners with sub-prime >>>>mortgages who have a generally good record of >>payments >>>>get regular mortgages, which will keep their rates >>low >>>>even with rising interest rates. If the banks do >not >>>>want to give these people prime loans, the >government >>>>should give it to them, they have proven there >>ability >>>>to make the payments, there is no reason they should >>>>be locked into very high interest rates anymore, and >>>>it could save our economy. I would also add to this >>>>that the government should rapidly accelerate and >>>>increase various energy efficiency laws that were >>>>recently passed, which would guarentee significant >>>>reduction in our consumption of imported oil in the >>>>comming decade. >>>> >>>> Here in new york city, we used to be able to >watch >>>>100 baseball games a year on free television for >each >>>>team, mets and yankees. Over the years, the cable >>>>companies bought the rights to the games, and now >>>>there are almost no baseball games broadcast on free >>>>television. Why do we now have to pay for baseball >>>>games we used to get for free? The cable companies >>>>knew that they could buy the rights to the games and >>>>charge us money, and the sports "fanatics" would pay >>>>for what they used to get for free. The question >is, >>>>why do people willingly pay for something that they >>>>used to get for free? Because they have no back >>bone, >>>>they are not willing to fight back, that's why there >>>>are called sports "fanatics", or fans, because they >>>>will sacrifice everything for their team. >>>> >>>> The same consumer fanaticism of the baseball fan >>>>exists in all areas of the economy. Americans >>believe >>>>in predetory capitalism, until they see their world >>>>collapsing, as it is now. We spend increasing >>amounts >>>>of money to maintain our lifestyle, we refuse to >>>>change our ways, and we refuse to use the facilities >>>>of government to remedy the failures of our >predetory >>>>capitalist system. The economic collapse is going >to >>>>be very interesting in this election year. One big >>>>difference between 29' and now is that 29 was after >>an >>>>election, this time we can change the government as >>>>the crash gets underway. >>>> >>>> Keep an eye on the storage levels of grains, >there >>>>is a very high potential for spring flooding in the >>>>mid west this year, there are some similarities to >>the >>>>way the 1993 event began, if we have major crop >>>>failures in the midwest now we will be in for a very >>>>rough time. >>>> >>>> For excellent commentary on the current >situation, >>>>listen to the tom hartman show on air america, this >>>>guy really understands what is going on, and what >>>>affects us, he exposes the lies of the economic >>>>cheerleaders. >>>> >>>> >>>>>Why the price of wheat has doubled in the last >>>month? >>>>> >>>>> >>>>>href="http://www.csmonitor.com/2008/0227/p01s05-use >c >>. >>>h >>>>t >>>>>ml">http://www.csmonitor.com/2008/0227/p01s05-usec. >h >>t >>>m >>>>l >>>>> >>>>> >>>>>Of course with the increased oil cost going through >>>>>the cealing, corporate takeover of agriculture, and >>>>>the price of wheat doubling, people will be going >>>>>hungry in America. >>>>> >>>>>The NY Time also said that the county has lost >>>>>somthing like 4.5 million jobs since Bush took >>>office? >>>>>Does that seem right? That's over 2% of te labor >>>>>force! >>>>> >>>>>>The powers that be are trying to scapegoat the >>>>>>sub-prime crises, but oil and general inflation >are >>>a >>>>>>much bigger problem, most of us do not have sub >>>prime >>>>>>mortgages. Every time the fed lowers interest >>>rates, >>>>>>the price of oil and other commodities surges, >they >>>>>>are fueling inflation like crazy, and accelerating >>>>the >>>>>>collapse of the american economy, bush is fiddling >>>>>>while america's economy collapses. >>>>>> >>>>>> It is a shame that someone like mc cain got >lost >>>>in >>>>>>the republican party, he seems to be a generally >>>>>>honorable man, but we need to recover from the >>>>>>catastrophe the republicans have made in the last >7 >>>>>>years, mc cain is not the man for that job. >>>>>> >>>>>> Btw, the dollar is approaching a 50% loss in >>>value >>>>>>against the euro, such a collapse in the value of >a >>>>>>currency is typical of a third world country! >>>>>> >>>>>>>Ya, and McCain getting Bush's endorsement was the >>>>>kiss >>>>>>>of death. >>>>>>> >>>>>>>I think people have pretty much figured this out >>>>>>>already. That is why McCain is already a lame >>dog. >>>>>>> >>>>>>> >>>>>>>>A dem, of course. So there's a second >>>consolation; >>>>>>>>it's gonna be hung squarely around bush's neck >>>>where >>>>>>>>it belongs. >>>>>>>> >>>>>>>>>I think the Bush rape of the US economy has >>>>reached >>>>>>>>>the breaking point. >>>>>>>>> >>>>>>>>>The only consolation is that we saw this >coming. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
