Friday, May 29, 2009

The Carlyle Group Wants More Taxpayer Money

The Carlyle Group cited their desire to partner with the government in the financial arena. The WSJ ran a story on Carlyle's 2008 annual report. It stated:

*The firm also said it wants to invest "with the government as a partner or counterparty in credit and liquidity-exposed situations in the belief that these partnerships can provide favourable loss-sharing arrangements, which can protect capital in a stress-case scenario."

Socialize the losses, check. Now what about privatizing the profits?