The Carlyle Group couldn't own but a small chunk of a bank, not without having to convert to a bank holding company. With the stroke of a pen, Bush's Fed Chief Ben Bernanke wiped that out. President Barack Obama turned the pen into a drill bit. Private equity underwriters (PEU's) will factor large in Treasury's public-private partnerships to save banks. The nation saw how well private lifeguards worked during Hurricane Katrina.
Bloomberg reported on Carlyle's efforts to raise $3 billion for bank investments. The golden age of private equity is ahead, only they're using taxpayer's gold and government guarantees. Carlyle never liked a level playing field. It remains tilted in the PEU boys favor, with Sarkozy and Quarles about to hit their Santa Rita. Watch out boys, it's raining money! Corporafornication continues.
Bloomberg reported on Carlyle's efforts to raise $3 billion for bank investments. The golden age of private equity is ahead, only they're using taxpayer's gold and government guarantees. Carlyle never liked a level playing field. It remains tilted in the PEU boys favor, with Sarkozy and Quarles about to hit their Santa Rita. Watch out boys, it's raining money! Corporafornication continues.
