Carlyle Capital - The Bush, Saudi connections

Carlyle Capital - margins calls go wanting $500 million

When it was established, CCC, run by John Stomber, a Carlyle managing director, leveraged its $670m equity 32 times to finance a $21.7bn portfolio of AAA-rated residential mortgage-backed securities issued by Freddie Mac and Fannie Mae. It borrowed money from at least a dozen banks and firms, including Bank of America, Citigroup and Merrill Lynch, some of whom were said to be selling the assets yesterday....Telegraph.co.uk 03/14/08

The Carlyle Group is a Washington, D.C. based global private equity investment firm with more than $81.1 billion of equity capital under management.[1] The firm operates four fund families, focusing on leveraged buyouts, venture & growth capital, real estate and leveraged finance investments. The firm employs more than 575 investment professionals in 21 countries with several offices in North America, South America, Europe, Asia and Australia; its portfolio companies employ more than 286,000 people worldwide. Carlyle has over 1200 investors in 68 countries.
The firm is well known for the dozens of world political figures and luminaries it has employed. Some of these figures, such as George H. W. Bush and his Secretary of State James A. Baker III, have generated controversy stemming from allegations of conflicts of interest.

Carlyle Capital creditors seize assets (reuters)

Meet the Carlyle Group - news you do NOT want to know