Lenders seize assets of Carlyle Capital – $16.6 billion default

Carlyle Capital is a publicly traded fund run by the well know Carlyle Group, where former Presidents, Prime Ministers and top government officials work. This is yet another shocking fall from the sky courtesy of non-existent regulation by the Republicans. A small dose of regulation could have lessened the blow for everyone but no, the Republicans would have none of it. Where are all of those big talkers now that their self-regulation ideas are dragging down everyone? Notice how quiet they have become?

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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