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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:17 PM
Original message
Carlyle sees great opportunity to invest in banks
Source: Financial Times

Carlyle Group co-founder David Rubenstein said on Wednesday that he saw great opportunity to invest in financial assets affected by the credit crunch, and said the U.S. government’s actions could help free up availability of leveraged buyout debt in the coming months.

Private equity firms have been hammered by the lack of availability of financing for leveraged buyout deals and have largely been waiting on the sidelines for debt markets to return to some normality.

Governments around the world have been trying to restore confidence in the battered banking system and markets. The United States said on Tuesday it was injecting $250 billion into U.S. banks to keep fear from swamping the U.S. economy.

Mr. Rubenstein said on the sidelines of the Super Return private equity conference in Dubai that the U.S. government’s actions to boost liquidity in the system could have the affect of freeing up leveraged buyout debt, but stressed it was too early to really know the impact.

Read more: http://financialweek.com/apps/pbcs.dll/article?AID=/20081015/REG/810159991/1036
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nolabels Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:20 PM
Response to Original message
1. I suppose they have a few bridges they would like sell too
:crazy:
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Demit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:25 PM
Response to Original message
2. of course they do.
and it wil redound to their advantage. I don't know how exactly, but it's surely another conduit for the transfer of money from the government to private wealth.
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grasswire Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:29 PM
Response to Original message
3. Super Return private equity conference?
Here's a report on their meeting in February 2008

http://dealbook.blogs.nytimes.com/category/super-return-2008/
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peace13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:30 PM
Response to Original message
4. Yes the Bush's are shaking us all down one last time. n/t
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Muttocracy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:30 PM
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5. Bush 41, James Baker, others are part of that firm? Or am I mixing that up? nt
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Just-plain-Kathy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:50 PM
Response to Reply #5
8. Both are. Plus AIG is an investor to the Carlyle Group. n/t
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Baby Snooks Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 01:29 PM
Response to Reply #8
9. The Bushes, the Bakers, and the Candlestickmakers...
The Carlyle Group is the financial foundation for the "neo-con artists" who control the Federal Reserve and as much of the markets as possible through infusion of venture capital. It also funds the military-industrial complex. It reportedly rivals the net worth of the network controlled by the Rothschilds. Or did. The Rothschilds are probably still worth trillions. The Bushes, the Bakers, and the Candlestickmakers probably owe the banks trillions at this point which of course is why they see opportunity to buying up banks. Particularly the ones they owe the trillions to.

The Bushes and the Bakers and the Candlestickmakers. These private banks, regardless of how they charter themselves or charter subcorporations, are not held to the same public disclosure laws as everyone else. That is why they founded it. Carlyle Group is not required to publicly disclose who the investors are.

The investors. The Bushes. The Bakers. The Sauds. The bin Ladens. Most of the corrupt dictators. Rumor was Pinochet used it to launder money through they way Fritz Thyssen used Union Bank to launder money through. They used Riggs Bank to provide a cover in case someone discovered the money trail. They did the same thing with BCCI.

All you can do is hope that they lose it all. Whatever it is they have left.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:38 PM
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6. No surprise here. n/t
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 12:41 PM
Response to Original message
7. Why not, $700 billion bailout cash just waiting to be handed over to investors
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Wizard777 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 02:58 PM
Response to Reply #7
10. Carlyle Group is where Bush gets his cut of the bailout.
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BelgianMadCow Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 03:01 PM
Response to Original message
11. Here's a great documentary on Carlyle - a bookmark of mine
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choie Donating Member (899 posts) Send PM | Profile | Ignore Fri Oct-17-08 09:50 PM
Response to Original message
12. yay!!! ain't disaster capitalism grand?
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