Carlyle Unit Fails to Meet Some Margin Calls - New York Times
2008/03/06/1726 by farkingaRTFA: http://www.nytimes.com/reuters/business/business-c…
AMSTERDAM/LONDON (Reuters) - A Dutch-listed affiliate of private equity firm Carlyle Group has not been able to meet some margin calls and has received a notice of default, it said on Thursday.Carlyle Capital Corporation (CCC) said it received margin calls totaling more than $37 million from seven financing parties on Wednesday and was unable to meet the demands for extra collateral to cover its market positions for four of them.It said it received one default notice and expected at least one more.Listed on the Amsterdam exchange last July, CCC invests in products including investment grade mortgage-backed securities.CCC as of last month had a $21.7 billion investment portfolio of AAA-rated floating-rate capped U.S. mortgage-backed securities issued by Fannie Mae and Freddie Mac.
Enron!
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