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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope

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To: hui zhou who wrote (2962)3/7/2008 8:15:15 AM
From: RealMuLan  Read Replies (1) of 12464
 
[I hope Chinese state banks don't be a sucker for the 2nd time to fill these crooks more milk using Chinese people blood money!]--More Trouble at Carlyle Capital
Friday March 7, 7:04 am ET
Carlyle Capital Corp. Ltd. Reports Additional Margin Calls, Considering 'All Options'
biz.yahoo.com
LONDON (AP) -- Lenders to Carlyle Capital Corp. Ltd. have begun to liquidate securities held in its $21.7 billion portfolio and the fund said Friday it was considering "all available options."

The margin calls against Carlyle portend an ominous development one day after the fund was served with default notices, convulsing already skittish markets.

Shares in the fund, a listed mortgage-bond fund managed by private equity firm the Carlyle Group, were suspended Friday. The stock closed down Thursday nearly 60 percent at $5.00 on Euronext Amsterdam.
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