Carlyle Capital Collapse

It's amazing how stupid and greedy business can be. They acted like the spoiled family who takes a home equity load to go on a vacation. Outrageous!!

Bloomberg.com: Worldwide: "Carlyle Capital originally delayed and then cut the size of its IPO by about 25 percent as the subprime contagion began. In all, the fund used about $670 million of equity to amass a $22 billion portfolio of mortgage debt. For every dollar of equity, the pool borrowed $32."