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General News 3/13/2008 at 12:08 PM EDT

Carlyle Banks to Seize Assets

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The likely liquidation of Carlyle Capital Corp.'s remaining assets sent the fund's shares plummeting more than 90 percent Thursday and rattled stock markets around the globe. It was also a high-profile setback for private equity fund Carlyle Group.

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Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): Banks; Bush Family Fortunes; Carlyle Corp; Global Financial Panic 2007; Markets; Subprime Mortgages, Add Tags

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