Carlyle Capital Insolvent
Read the full article: http://www.money-rx.com/blog/2008/03/carlyle-capital-nears-c...
Leveraging is a big gamble at the best of times. When you factor in the astronomical sums, the borrowed capital and top that off with a credit crunch, what you end up with is hedge funds with billions of dollars' worth of unmet margin calls. To make it simple, I'll explain Carlyle Capital's problems with margin calls in plain english.
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