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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (30864)3/13/2008 6:04:33 PM
From: calgarydude  Read Replies (1) | Respond to of 217544
 
There was a situation several years ago in the Dominican Republic where several of the wealthiest families had lost a fortune in some overseas (South America?) scam. And the government then used a large portion of the country's foreign exchange reserves to bail them out.

I remember the situation because there were widespread electricity blackouts due to a lack of foreign currency to buy oil.

It pains me to see similar things happening in the US.



To: LTK007 who wrote (30864)3/14/2008 7:04:19 AM
From: Snowshoe  Read Replies (3) | Respond to of 217544
 
>>The NOTORIOUS Carlyle Group is in danger of collapse!!<<

There is a lot of confusion about this. The collapsing entity is actually Carlyle Capital Corp., which is just one of 60 funds managed by the Carlyle Group. Carlyle Group execs own just 15% of this fund, so it's mainly the fund customers who are being screwed. I don't see any evidence right now that the Carlyle Group itself is "in danger of collapse".


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