Wednesday, February 25, 2009

David Rubenstein Garbage Disposer

The Carlyle Group plans to make big money off America's banking crisis. It has three funds dedicated to distressed debt and the financial sector. The Council on Foreign Relations directs the race to the lowest global common denominator on taxes and worker pay/benefits. CFR interviewed Carlyle co-founder David Rubenstein. He said:

The Carlyle Group's David Rubenstein, in a recent interview with, said the U.S. government's strategy is best understood as a "kitchen-sink approach." Washington doesn't "really know what will be necessary to make it work," Rubenstein said, "but they're willing to try almost anything."

Does that anything include billions in taxpayer funding for public-private partnerships? Maybe it includes taxpayer backed guaranteed returns for America's shadow banking system? I smell a politically connected PEU, private equity underwriter.