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 Carlyle Group Scorched By Mortgage Blowup

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Carlyle Group Scorched By Mortgage Blowup Vide
PostSubject: Carlyle Group Scorched By Mortgage Blowup   Carlyle Group Scorched By Mortgage Blowup Icon_minitimeSat Mar 08, 2008 6:10 am

March 7 (Bloomberg) -- The collapse of the subprime- mortgage market has engulfed Carlyle Group, the world's second- biggest leveraged-buyout firm by assets.

Carlyle Capital Corp., the firm's mortgage-bond fund, was suspended from Amsterdam trading today after it failed to repay lenders, who in turn sold assets held as collateral. The fund expects more margin calls, which may deplete capital. The pool may be liquidated and the stock left worthless, Bear Stearns Cos. analyst Keith Baird said in a note to clients.

``This marks a further savage step in the ongoing credit implosion of recent months,'' Baird wrote today.

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