and now the Carlyle Group is in default on 16 bln of debt.

Current Events » in reply to Oh, and another large Hedge Fund (Drake) hit the wall today.

Yeti — 3/13/2008 3:54:10 PM (archived)

You know, the fund that employs the Bushes, Baker, etc? At least the subsidiary group that dealt directly with the mortgage backed securities will be seized and liquidated... and more pain to follow if this brings down or damages the VC, LBO and growth funds.

Lets be clear about what this means: The bulletproof gold-standard investments are being shot down. Watch what happens to the market when Big Money picks up and leaves the US market and/or stocks all together. Watch what happens to the dollar when trillions in us-dollar assets evaporate in Stock crash and the popping of the nascent commodity bubbles.

melting Glaciers or not, my icy redoubt is looking mighty promising right now.

Yeti

The whole thread (11 posts)

Little pick-me-up for everyone... - McFly - 3/12/2008 8:28:43 PM
- What really scares me about this one... - ER - 3/13/2008 7:54:00 PM
  - Washington Spends $ like a bunch overpaid Hookers - TAFKASE - 3/13/2008 9:06:40 PM
    - It's the johns who are overpaid, they spend their excess money to get what the hookers need to sell to get money. - ER - 3/14/2008 12:29:24 AM
  - It works both ways - TB - 3/13/2008 8:34:05 PM
    - 'Fess up, TB, Would you want the next President's job? (n/t) - ER - 3/14/2008 12:33:46 AM
      - re: Would you want the next President's job? - TB - 3/14/2008 2:12:55 AM
- Oh, and another large Hedge Fund (Drake) hit the wall today. - Yeti - 3/12/2008 9:01:49 PM
  - and now the Carlyle Group is in default on 16 bln of debt. - Yeti - 3/13/2008 3:54:10 PM
    - And if the Big Collapse doesn't happen, do I get to call you on it? - TB - 3/13/2008 4:30:49 PM
      - I'm not predicting a 'big collapse'. - Yeti - 3/13/2008 4:46:23 PM

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