Thursday, March 13, 2008

Carlyle Capital about to collapse

After defaulting on more than $16 BN of debt, Carlyle Capital, private equity giant Carlyle Group's fund for investing in mortgage backed securities, is now being liquidated by its creditors.

This is yet another sign of the true trouble that exists in the securitized mortgage market, and the worry that more action needs to be taken to prevent more homeowners from defaulting on their mortgages and driving the market down further.

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