remember way back when when the possibility of “subprime” affecting retirement accounts was discussed? calpers was mentioned as having something on the order of 1/2% invested in “subprime” and would not be significantly affected.
“Carlyle Capital Corp., the publicly traded credit fund backed by private-equity firm Carlyle Group, said it received a notice of default after failing to meet a margin call yesterday. ”
and:
“Carlyle has only allowed two outsiders to buy into its partnership.[7] The first is the California Public Employees’ Retirement System (CalPERS), who “own a 5.5% stake in the company that is estimated to be worth about $1 billion.”[7] The second is Mubadala Development Company – “an investment group owned by the government of Abu Dhabi, which is part of the United Arab Emirates.”[7] In September of 2007, they bought a “7.5 percent share of [Carlyle’s] general partnership for $1.35 billion.””
it’s round 2 of the “subprime” crisis. do you know where your retirement account is?
Yeah… I believe the debate was that it is only the very wealthy and a bunch of foreign investors that will be hardest hit by cdo and mbs investments…. not alot of substantial domestic investments… I think we will see that is not the case.
Yeah… I believe the debate was that it is only the very wealthy and a bunch of foreign investors that will be hardest hit by cdo and mbs investments…. not alot of substantial domestic investments… I think we will see that is not the case.
Yeah… I believe the debate was that it is only the very wealthy and a bunch of foreign investors that will be hardest hit by cdo and mbs investments…. not alot of substantial domestic investments… I think we will see that is not the case.
Yeah… I believe the debate was that it is only the very wealthy and a bunch of foreign investors that will be hardest hit by cdo and mbs investments…. not alot of substantial domestic investments… I think we will see that is not the case.
Yeah… I believe the debate was that it is only the very wealthy and a bunch of foreign investors that will be hardest hit by cdo and mbs investments…. not alot of substantial domestic investments… I think we will see that is not the case.
