Friday, March 14, 2008

Uranium Investor, Carlyle Group Suffers Huge Loss

(The following is from The Financial Times.com 03/13/2008)

".....futile talks with banks to rescue Carlyle Capital Corporation"

CARLYLE FAILS TO SAVE $22BN CCC FUND

By Martin Arnold in Geneva and Henny Sender in Dubai Published: March 13 2008 07:44 Last updated: March 14 2008 00:37

David Rubenstein, co-founder of the Carlyle Group, on Thursday pledged to compensate investors hit by the collapse of a $22bn mortgage-backed securities fund his private equity group floated seven months ago.Speaking after futile talks with banks to rescue Carlyle Capital Corporation, Mr Rubenstein told the Financial Times: “I don’t think one fund out of 60 will spoil a reputation built up over 20 years.”

This article can be found at:http://www.ft.com/cms/s/0/66b143c4-f0cf-11dc-a91a-0000779fd2ac,noOfParas=2,emailFormat=plainText,storyType=ultralight,dwp_uuid=cf8c5ee0-aa15-11da-96ea-0000779e2340,print=no,_i_email=y.html"

FT" and "Financial Times" are trademarks of The Financial Times.Copyright The Financial Times Ltd 2008

Our readers may well remember the strategic connection that our Local Corporation (VUI) has with this MULTI-NATIONAL CORPORATION. We should also note that Rubenstein's only concern here is with his INVESTORS!!!!

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