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Realistbear

Carlyle Captital Defaults On $17.5bn Debt

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http://www.telegraph.co.uk/money/main.jhtm...ncarlyle114.xml

Creditors 'set to seize CCC assets' after debt defaults
By David Litterick
Last Updated: 12:47am GMT 14/03/2008
Carlyle Capital Corporation (CCC) was on the brink of collapse yesterday after the investment fund said it had defaulted on almost $17bn (£8.4bn) of debt and warned that its creditors were likely to seize all of its remaining assets, leaving investors with little or nothing..../
Analysts said the situation at CCC was likely to be repeated in other funds
.

Dominoes.

Edited by Realistbear

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Northern Crackhouse doubled their bonuses.

The bonus money is still flowing elsewhere - why didn't the banks cut that first? Maybe if they had kept some of their earnings in the first place like any other company has to do. Oh I forgot, these entities are a special case, when they screw up the taxpayer gets handed the bill.

The biggest bill at the moment is still INFLATION.

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Northern Crackhouse doubled their bonuses.

The bonus money is still flowing elsewhere - why didn't the banks cut that first? Maybe if they had kept some of their earnings in the first place like any other company has to do. Oh I forgot, these entities are a special case, when they screw up the taxpayer gets handed the bill.

The biggest bill at the moment is still INFLATION.

If you recall from the NR saga. The boss paid himself a bonus just before he was ousted and the entire thing collapsed. IIRC his wife got a country hice and he bought himself a Ferrari F16 with a detuned quad turbo V12 that only puts out 850bhp. Tires we also reduced from track 23inch to 21inch.

Bonuses are a grab before the ships sink. Not really a perfomrance related bonus at all.

We live in a very dishonest era. Under Brown dishonesty has been allowed to flourish and I recall an article recently where the FSA had been told to go lightly on City goings on. Brown has just allowed the underlying Brit dishonesty and history of cut-purses and blaggards to surface.

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http://www.telegraph.co.uk/money/main.jhtm...ncarlyle114.xml
Creditors 'set to seize CCC assets' after debt defaults
By David Litterick
Last Updated: 12:47am GMT 14/03/2008
Carlyle Capital Corporation (CCC) was on the brink of collapse yesterday after the investment fund said it had defaulted on almost $17bn (£8.4bn) of debt and warned that its creditors were likely to seize all of its remaining assets, leaving investors with little or nothing..../
Analysts said the situation at CCC was likely to be repeated in other funds
.

Dominoes.

Read somewhere that the key point seems to be that if it collapses, then creditors can seize the assets (poor quality) and parcel them off on to the FED (for high quality assets). Only banks seem able to do that, not Carlyle. So Carlyle and the Hedge Funds could all become victims of the FED policy, as banks force foreclosure through margin calls to get hold of the assets to do the magic FED trick.

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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