Thursday, April 16, 2009

Carlyle Group's David Rubenstein Digs at Protesters

Carlyle Group co-founder David Rubenstein attended the Super Return conference in Munich, Germany. He bemoaned how unaccustomed he is to speaking without protesters. A mere pair of miscreants interrupted his interview of Senior Obama economic adviser Larry Summers at the Economic Club of Washington.

Does Mr. Rubenstein have other protest worries? What if New York State pensioners wish to show their displeasure over graft, stealing from their retirement? They may have a legitimate beef with The Carlye Group, currently under investigation. How serious is the matter?

Carlyle hired Mary Jo White of Debevoise & Plimpton. Her bio states:

When Mary Jo White left her post as US Attorney for the Southern District of New York in January, 2002, she was acclaimed for her nearly nine years as the leader of what is widely recognized as the premier US Attorney’s office in the nation. She had supervised over 200 Assistant US Attorneys in successfully prosecuting some of the most important national and international matters, including complex white collar and international terrorism cases.

In addition, Ms. White served as a Director of The Nasdaq Stock Exchange, and on its Executive, Audit and Policy Committees (2002 to February 2006). She is also a member of the Council on Foreign Relations.

David Rubenstein hired an ex-New York Attorney, one who had supervised over 200 Assistant US attorneys. How many of those are left? How many are working the placement fee case?

The Carlyle Group is a cesspool of ex-government insiders. Both the red and blue teams are represented. Watch for Carlyle to be dropped from the investigation. At the worst, expect a settlement with no admission of guilt, but a meager fine for the $85.5 billion PEU.

My hope is pensioners learn of their fleecing and turn out in droves next time David Rubenstein speaks in New York. Then he won't have to bemoan.