Thursday, February 12, 2009

Another Carlyle Co-Chair to Revise Financial System

As governments reorganize the failed global financial system, the Carlyle Group has more than a seat at the table. They hold the chairman's gavel. Carlyle co-founder David Rubenstein headed the World Economic Forum's effort. He shared the gavel with Merrill Lynch's John Thain, until Thain followed Wall Street with his personal implosion.

Dow Jones reported Arthur Levitt, Carlye Senior Adviser, will chair a working group. They'll make recommendations for overhauling the way financial markets are regulated.

What are the odds private equity keeps its preferred status?