PEU's Helped Create China Model

Carlyle Group co-founder David Rubenstein cited Chinese capitalism as the model for a debt impaired future.  It's a model private equity underwriters (PEU's) helped create.

“Ten cents of every dollar we manage in private equity is in China,” said Jonathan E. Colby, a managing director with Carlyle Group. He added the Washington, D.C., firm is optimistic about China’s expected transition from an export-based to consumer-based economy.

Forget that another Carlyle executive cited the economic threat posed by China, the very country Rubenstein is teaching his PEU trade.  There is only one consistent foundation to the words Rubenstein and his ilk spout.  Greed.