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 Author Thread: If George W bush is doing so bad why is the economy doing so good?
 RedTory

Joined: 3/3/2008
Msg: 476
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/14/2008 2:48:21 PM

Now look up the North American Union and see what is being built in the heartland of America


My grandmother said that I would live to see the day that Canada was absorbed into the USA. That was before NAFTA. I didn't believe her at the time. She's gone but it looks like her prediction will essentially come true. We have been moving in that direction for the past century.
 Sckoul

Joined: 11/22/2007
Msg: 477
view profile
History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/14/2008 3:43:45 PM
Not only that Redtroy but there building what they call a "super Highway" in the hearland of our country. Toll roads just wont be in Chicago, jersey and st louis soon
 Steven02151

Joined: 2/17/2008
Msg: 478
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/14/2008 3:53:53 PM
Eliot Spitzer, God bless him, fought against deceptive mortgage practices and was eventually sued by the Bush administration, who protected the bankers' profits. He predicted the mortagage fallout we have seen and bush could have prevented this.

Bush could have also done something about our abysmal trade deficit, which is at historically bad levels, and which has also contributed to the economy we have now.

Had this administration had its focus on domestic problems rather than trying to "reshape" the middle east, we might all be far better off.
 SensualMystery

Joined: 1/22/2008
Msg: 479
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/14/2008 7:22:43 PM
With that said Steve, my guess is that Bush is happy things are going this way.

As bad as everything looks for America everyting is coming up roses for the Bush cronies. Their personal agenda is being met, both domestically and internationally.
 Montreal_Guy

Joined: 3/8/2004
Msg: 480
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/15/2008 1:52:19 AM

President Bush said Friday that "it's clear our economy has slowed," hours after a government report showed a decline in payrolls for the second straight month.

But he said the long-term outlook is good, with a stimulus package enacted last month by Congress providing support for the economy.

"I know this is a difficult time for our economy," the president said. "But we recognized the problem early and we provided the economy with a booster shot."

Bush said the effects of the stimulus package are "just starting to kick in" and that the plan will "put money into the hands of American workers and businesses."


That was on March 7th.....

Yesterday ?


(NEW YORK) — Trying to calm jitters about the economy, President Bush conceded on Friday that the country "obviously is going through a tough time" but expressed confidence that it will rebound. He cautioned against overreacting to fix the problems.

In a speech to The Economic Club of New York, Bush said this was not the first time the economy has been rattled and that he is certain that it will ride out its troubles. "These are uncertain times," he said.

The president spoke as evidence of an ailing economy piled up. The dollar fell, oil and gold hit record highs, the economy is shedding jobs, retail sales saw a big drop and the effects of a severe credit squeeze linger. Economic worries have replaced the Iraq war as the No. 1 concern of voters in this presidential election year.

Bush acknowledged that prices are up at the gas pump and grocery stores and housing values are down — leading to worries among everyday "hardworking Americans." But he said low unemployment and strong productivity are proof of the economy's fundamental strength and resilience.

"Every time, this economy has bounced back better and stronger than before," Bush said.

http://www.time.com/time/nation/article/0,8599,1722580,00.html


Recession....it's a GOOD thing.

With the Bush's , the economy is like the ghost of Hamlet's father - it appears out of nowhere to haunt them.


"But know thou Noble youth, The Serpent that did sting thy Fathers life, Now weares his Crowne."
— King Hamlet (Ghost) in Hamlet


Can someone explain how all those wonderful tax breaks that empowered the economy so strongly, that are critical to keep forever, worked ?

Seems like they've failed miserably, at least to me.
 Steven02151

Joined: 2/17/2008
Msg: 481
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/15/2008 11:47:10 AM
I dont think its today or tomorrow or the next quarter, the long term looks pretty bad.

1. In the US, we will no longer break even on Social Security in 10 years or so as the huge baby boomer bubble retires and draws heavily on Medicare and SS retirement funds.

2. WE have a $13 trillion deficit, God knows what the interest on that will be but the FY09 budget carries a $400b deficit and that is without appropriations for Iraq, which is getting MORE expensive.

3. Our dollar is sinking, we are a nation living on credit and the greenback T bills are not looking so good now. Oil futures are, though, which drives up the price of oil and will that will drive up the price of all consumer goods.

4. We have an aging infrastructure, state governments that are hurting for money, and due for lots of overhauls we can't pay for because of current prices.

5. We are entering a period of stagflation, which is tight credit, layoffs and inflation all at the same time. Americans have had the lowest savings rate for most westerners for a long time, but recently it has gone negative.

6. The fastest growing segment of cities growing all across the world are slums as people flock from rural areas into urban ones.

7. We have an awful, awful trade deficit. The things we produce, weapons of war and wheat and corn exports, cause other sets of problems. Wheat has displaced small farming and lost agricultural jobs in South America and driven illegal immigration, for example. Corn is in abundance, as in high fructose corn syrup in just about everything and driving obesity all over the world.

We are in big trouble. And if a McCain-Lieberman ticket prevails in November, God help us all.
 Schadenfreudian

Joined: 7/5/2007
Msg: 482
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/17/2008 8:11:56 AM
...someone's gotta pay for all this...BOHICA (bend over, here it comes again)

Welcome to S&L scandal, part deux...
 RedTory

Joined: 3/3/2008
Msg: 483
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/17/2008 4:41:15 PM

2. WE have a $13 trillion deficit, God knows what the interest on that will be but the FY09 budget carries a $400b deficit and that is without appropriations for Iraq, which is getting MORE expensive.


Where are you getting the $13 trillion number? If you are talking about about the accumulated national debt, the number should be $9,408,000,000,000 (to the nearest billion, as of last Friday). That's an increase of 64% from the amount of the debt when Bush was first inaugurated.
 Larissan04

Joined: 4/28/2004
Msg: 484
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/17/2008 6:53:14 PM
slysterling~

the 1950 is worth about 11.9 cents?

depends. did you invest that dollar from 1950? what did you invest it in? because compounding interest would make that dollar worth a lot more then that!

lol!

lar
 Hoop

Joined: 5/1/2006
Msg: 485
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/17/2008 11:03:53 PM
The bigger they are, the harder they fall..

The extraordinary weekend moves came as J.P. Morgan Chase sealed a deal to buy Bear Stearns Cos. for just $2 a share backed by up to $30 billion borrowed from the Fed. The Fed board gave its approval to that unique funding arrangement, which guarantees JP Morgan against losses from buying Bear.

The Fed board also approved the creation of a special lending facility through the New York Fed that would be available to members of its primary dealers list, which includes both commercial banks and investment banks.

Investment banks, such as Bear Stearns, have not been allowed to borrow directly from the Fed.
JP Morgan has access to the discount window through its Chase Bank subsidiary, but Bear Stearns does not have direct access.

Events have unfolded at warp speed over the past week. On Tuesday, the Fed announced a new lending program for primary dealers in the bond markets, but that program won't go into effect for two more weeks.

On Friday, the Fed allowed Bear Stearns to borrow money via JP Morgan in a desperate bid to save the firm, which has been pummeled by losses on exotic securities backed by subprime mortgages.

The Federal Open Market Committee meets on Tuesday. Analysts expect the FOMC to cut the target for the federal funds rate by as much as a full percentage point to 2%. Another cut in the discount rate is also likely.

The new lending program would operate for at least six months, and would offer loans for as long as 90 days, rather than 30 days under the regular discount window. Loans from the new program would be backed by a "broad range of investment-grade debt securities," the Fed said.

The interest rate would be the same as the discount rate.
"The Federal Reserve, in close consultation with the Treasury, is working to promote liquid, well-functioning financial markets, which are essential for economic growth," said Fed Chairman Ben Bernanke, in a statement. "These steps will provide financial institutions with greater assurance of access to funds."

Robert Brusca, chief economist at FAO Economics, said the new lending facility created a general way to help other dealers.
"The Fed has more information now that it has seen what Bear Stearns had on its books," Brusca said in an interview.

President Bush will meet with Bernanke, Treasury Secretary Henry Paulson and Securities and Exchange Commission Chairman Chris Cox on Monday at 2 p.m. Eastenr.
Earlier on Sunday, Paulson went on television to project an image of confidence in the U.S. financial market. He said Washington would do what it takes to foster stability on Wall Street.
Dean Baker, the co-director of the Center for Economic and Policy Research, criticized the Fed's "real turn to secrecy" in the new auction facilities.

The Fed does not reveal the names of firms that borrow funds in the auctions. The purpose was to get around the "stigma" of banks that didn't want to borrow at the discount window because of the questions it would raise about its balance sheet.
But, in an interview, Baker said "now is not the time to shut the doors and keep everything in the dark."

Baker said he sensed a whiff of panic at the Fed and in the Treasury Department.
"The main thing is that they [Fed and Treasury] are really really scared. Telling us that everything is great is an insult to intelligence. They should own up to it and talk seriously to people," Baker said.

Peter Morici, a professor of economics at University of Maryland, criticized the Fed for not imposing meaningful conditions on the financial institutions that it is providing cash.
As a result, banks continue to impose onerous conditions on their innocent customers, he said.

"Today's moves by the Federal Reserve are the desperate acts of failing men," he said.

Below is a list of primary dealers who will be able to borrow directly from the Fed's new program announced Sunday:
BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Bear, Stearns & Co., Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Countrywide Securities Corporation
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Wasserstein Securities LLC.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC

http://tinyurl.com/2yvfyt
 Hoop

Joined: 5/1/2006
Msg: 486
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 6:46:13 AM
For anyone interested in Bears latest conference call, it's available until April 4th.

BEAR STEARNS ANNOUNCES CONFERENCE CALL AT 12:30 P.M.

NEW YORK – New York – March 14, 2008 – The Bear Stearns Companies Inc. (NYSE: BSC) plans to host a conference call today at 12:30 p.m. EDT to address speculation in the marketplace related to its announcement this morning. The company will announce its first quarter 2008 financial results on Monday, March 17, 2008, after the market close.

Those wishing to listen to today's call should dial toll-free 1-800-374-2412 (or 1-706-634-7253 for international callers) at least 10 minutes prior to the start of the call to ensure connection to the conference. The conference call will also be accessible through the firm's Web site at http://www.bearstearns.com. For those unable to listen to the live broadcast of the call, a replay will be available later this afternoon on the company's Web site or by dialing 1-800-642-1687 (or 1-706-645-9291 for international callers). The passcode for the replay is 39764449. The replay will be available until midnight on Friday, April 4, 2008.

http://www.bearstearns.com/sitewide/our_firm/press_releases/content.htm?d=03_14a_2008

When asked for your name, just be quiet, the call will progress without it
 slysterling

Joined: 1/9/2007
Msg: 487
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 6:55:58 AM
^^^Interesting stuff hoop.

msg486:
the 1950 is worth about 11.9 cents? depends....lol!

Sorry to see that the concepts of indexing and inflation have apparently gone right over your head. You might want to have a look at the site referred to. The chap wrote it in such a way that even public schoolers can get their head around it with a little bit of thinking time. I see you're still a student at your age. I'm presuming you're not still trying to get thru public school. Your economy may be a laughing matter to you, but I doubt that sentiment is shared across your nation.

Normally, i wouldn't bother myself with it, but here's a few excerpts from his reports that might help shed some light for you. Good luck. Sounds like you might need it.
--------------------------
"""...88% EROSION OF PURCHASING POWER - AND CONTINUING

- a dollar in 1950 will buy only 12 cents worth of goods today, 89% less than before -

This Inflation Report is a chapter of the Grandfather Economic Report series, showing serious economic and education trends facing today's families and youth, compared to prior generations.

Inflation in my adult years increased average prices 1,000% or more -
example 1: a postage stamp in the 1950s cost 3 cents; today's cost is 41 cents - 1,266% inflation;
example 2: a gallon of 90 Octane full-service gasoline cost 18 cents before; today it is $3.05 for self-service - 1,870 % inflation;
example 3: a house in 1959 cost $14,100; today's median price is $213,000 - 1,400% inflation;
example 4: a dental crown used to cost $40; today it's $1,100 - 2,750% inflation;
example 5: an ice cream cone in 1950 cost 5 cents; today its $2.50 - 4,900% inflation;
example 6: monthly government Medicare insurance premiums paid by seniors was $5.30 in 1970; its now $93.50 - 1,664% inflation; (and up 70% past 5 years)
example: several generations ago a person worked 1.4 months per year to pay for government; he now works 5 months.
And in the past, one wage-earner families lived well and built savings with minimal debt, many paying off their home and college-educating children without loans. How about today?

Few citizens know that a few years ago government changed how they measure and report inflation, as if that would stop it - - but families know better when they pay their bills for food, medical costs, energy, property taxes, insurance and try to buy a house....
----------------------------------------------------
INFLATION HISTORY
Stable consumer prices for 125 years.
And then, prices soar up, up and away.

This chart shows the Consumer Price Index (CPI-U) from 1800 to today, a period of more than 200 years.

For the first two-thirds of this chart the consumer price index oscillated at or below the 50 point price index mark, indicating relatively stable consumer prices for nearly a century and a half.

Thus, 150 years of near nil inflation.

But in the past 50 years, especially after 1971, the consumer price index in this chart took off inflating prices more than 1,000 times higher.

Note: prior to 1913, a period of relatively stable prices, there was no Federal Reserve Bank. This chart calls into question the stated purpose of creating a Federal Reserve in 1913 to assure price stability, when thereafter prices soared instead of becoming more stable. This chart appears to shout that the Federal Reserve was created for the purpose of generating inflation.

With those soaring prices, let us now look at what happened to the purchasing power of a single dollar - - from 1950 to today. This chart shows an 89% reduction in the value of a dollar (its internal purchasing power) since 1950, where a dollar of 1950 is worth but 11.5 cents today - based on the consumer price index. Restated, an average cpi item costing $10 in 1950 costs $89 today.

For this chart, the average annual inflation rate since 1950 was about 4%. To some people 4% doesn't sound like a big number. However, compound 4% over 50+ years and the 1950 dollar is worth but 11.5 cents today - - as seen in the chart.


(Compound it out another 50 years into the future to 2056, when today's 15-year old will retire, and the value of today's dollar will be worth just 12 - - another 89% plunge - - bringing it to a value of just 1.5 cents when compared to the 1950 dollar.)


It takes $10,000 cash today to purchase that which $1,190 would purchase in 1950. And with higher combined federal & state/local tax rates today compared to then, it takes even more.

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. The abandonment of the gold standard made it possible for welfare statists to use the banking system as a means to an unlimited expansion of credit (debt creation)" - Alan Greenspan (#8), 1966

"It was the case that the price level in 1929 was not much different, on net, from what it had been in 1800. But, in the two decades following the abandonment of the gold standard in 1933, the consumer price index in the United States nearly doubled. And, in the four decades after that, prices quintupled. Monetary policy, unleashed from the constraint of domestic gold convertibility, has allowed a persistent over issuance of money. As recently as a decade ago, central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess." - Chairman Alan Greenspan Before the Economic Club of New York, December 19, 2002 "Issues for Monetary Policy"

...It should be recognized that the 89% decline in the dollar's value inside the U.S. does not include the further 70% loss in the foreign exchange rate of the dollar outside the U.S. since 1969....As of July 2007 the U.S. dollar has fallen 53% in value vs. the Euro. Such devalues the international value of assets of every single U.S. citizen without a peep from political leaders.

The Nightmare German Hyper-Inflation of 1923-24 - The many parallels between 1919-24 Germany and present-day United States are cause for concern to many...

I HOPE THIS REPORT HAS ENHANCED YOUR VIEW OF INFLATION

AND THAT IT HAS CAUSED DEEPER THOUGHT AS TO HOW TO PROTECT YOUR FUTURE""""

http://mwhodges.home.att.net/inflation.htm
--------------------------------------
Just a side note to any interested readers that may have just read the above stuff.. Is it any wonder now that the present government stopped releasing the data regarding the current money supply in the nation for the last two years..Since it's funny to some maybe we should play a game like guessing how many gumballs are in the gumball machine. Who can come closest to guessing how many Ben Franklins the present admin has printed to fund their overseas activities? Winner gets a 1950 dollar. Some might think it's just a wonderful doorprize, worth a whole lot more than 11 cents.

Anybody gotta wheelbarrow i can borrow? Mine's still frozen in the snow out back and i need to go buy some bread.
 Montreal_Guy

Joined: 3/8/2004
Msg: 488
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 6:56:12 AM
There's a story in a Montreal paper I read last night speaking about a company that sells gold here. Typically, it has mainly American customers - about 90 percent.

Yesterday, they had as many calls by noon as they do on a very busy day. Anyone that could pick up a phone was doing so. With many calls , they sensed a "panic" involved. Almost all of them wanted the gold kept totally outside the country - just in case.
 RedTory

Joined: 3/3/2008
Msg: 489
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 7:09:02 AM
There is a subculture that thinks these are the latter days, the End of Days, etc. I wonder how much the rise of gold have to do with this viewpoint. I've heard of Muslims, Jews and Christians saying similar things on this subject.
 Montreal_Guy

Joined: 3/8/2004
Msg: 490
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:04:19 AM
Gold's pretty much a standard ....umm...you know what I mean.

I remember people doing much the same when recessions have hit before. If you are a pessimist, it's probably the best long term investment around.
 Schadenfreudian

Joined: 7/5/2007
Msg: 491
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:09:32 AM
Notwithstanding that us poor schmucks are the ones paying for the bailouts...what happens when the Fed cannot go back to the same magic trick--lowering the prime--to bail out their sociopathic, greedy buds? What then?

Further...remember that LARGE Asian nation we owe so much moolah to? What happens if they call in the margin on their massive loans to us?

www.themoneymakers.com <==== just a little insight as to what's REALLY behind the curtains.
 Hoop

Joined: 5/1/2006
Msg: 492
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:15:41 AM
The Carlyle Group distancing from Carlyle Capital (CCC) whose investments are all AAA-rated securities issued by Fannie Mae and Freddie Mac, the US-Government-sponsored mortgage finance agencies.

Carlyle stresses that the financial impact of CCC's demise to its other businesses is 'de minimis'. But concern is growing over the wisdom of Carlyle's aggressive buying spree last year as the US sub-prime crisis began to unfold. Some of Carlyle's investments made in the first half of last year were on huge multiples and are believed to have lost significant value.

Well, no one can say Carlyle doesn't have a stiff upper lip.
They have also experienced their share (no pun intended) of personal tragedy lately:

Within the past 4 months, within 3 months of each other, Carlye lost two to cancer and leukemia.

Dick Darman:
Mr. Darman was a Partner of The Carlyle Group, a global private investment firm, and Chairman of AES Corporation, a global power company. Before joining Carlyle, he served from l989-93 as Director for the U.S. Office of Management and Budget and as a member of President Bush's Cabinet. Mr. Darman held senior policy positions under five Presidents in six Cabinet Departments and the White House. In the private sector, Mr. Darman was a director of several public and private corporations, a trustee of CDC Funds and Loomis-Sayles Funds, and a Public Service Professor at Harvard University. An honors graduate of Harvard College and Harvard Business School, he was a member of the Harvard Overseers' Committee on University Resources and the Committee to Visit the Kennedy School of Government. Mr. Darman was a resident of Fairfax County, VA.
http://americanhistory.si.edu/about/staff.cfm?key=12&staffkey=297&type=board

~~~~~~~~~~~~~~

In a statement released by his office, former secretary of state James A. Baker III, an associate at the Carlye Group, described Mr. Darman as "a brilliant, dedicated and distinguished public servant, educator and businessman who could direct traffic through the intersection of policy and politics as well as anybody I have ever known."
http://tinyurl.com/2lvubc


and Michael Connelly:


March 10, 2008, 8:33 am
DLJ: Wall Street’s Incubator
Posted by Heidi Moore

Seven years after then-Credit Suisse First Boston bought Donaldson Lufkin & Jenrette for $13 billion–leading to an exodus of top bankers–powerful DLJ alumni are still pulling the levers all over Wall Street in mergers and acquisitions and finance

Michael Connelly: the former telecommunications banker joined Carlyle Group as a senior adviser to its telecommunications & media team before passing away in December at the age of 55 after battling cancer.

What is interesting about the DLJ diaspora isn’t just that the players are still powerful, but how they have expanded beyond their focus at DLJ, which was renowned for its middle-market focus, its equity research and its leveraged finance team. The bankers who left expanded into big-ticket M&A, hedge funds and other areas DLJ didn’t focus on.

http://tinyurl.com/2l3wh4
 Schadenfreudian

Joined: 7/5/2007
Msg: 493
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:21:33 AM
The Carlyle Group owns Dunkin Donuts/Baskin-Robbins...and their illustrious leadership includes D!ck Cheney, recently in Iraq ostensibly to encourage the troops, but I suspect Darthy is up to no good (wherever he goes).

Each time you snarf a Dunkin or clog your veins with a B-R, you're putting money in that murderer's inauditable bank account.
 gtomustang

Joined: 6/16/2007
Msg: 494
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:25:12 AM
as far as the End of Days groups, they aren't as much of a subculture as they should be...they can be found in Washington D.C., making foriegn policy decisions concerning the MidEast, in the hopes of hastening them along in the Promised Land.

Reassuring, huh?
 Hoop

Joined: 5/1/2006
Msg: 495
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:30:58 AM
Yep!
Carlyle Group Underestimates Credit Crisis
August 30th, 2007
The naughty Capital Corporation told shareholders it had no subprime exposure. But it did. It said all the exposure was Triple A rated. But it wasn’t. It said liquidity was ample. But it isn’t.
http://www.dailyreckoning.com.au/carlyle-group/2007/08/30/

Carlyle Capital: More From David Rubenstein
March 14, 2008
Carlyle Capital got a good ol’ fashion dead-cat bounce today as investors took solace in Carlyle Group co-founder David Rubenstein’s telling the media he was looking at ways to compensate investors in the fund. Shares doubled to $0.71 on heavy trading on Amsterdam’s Euronext exchange.

“We recognize that investors suffered losses and we’re not happy about that,” he told us yesterday. “”We will try to make this experience ultimately feel better than it does today.”

Rubenstein wouldn’t elaborate on just exactly what they will do for the Carlyle investors and CCC shareholders who are likely lose their entire stakes in the fund. Maybe one of Carlyle Group’s portfolio companies can lend a hand. Gift certificates at an AMC movie theatre? A free box of munchkins at Dunkin’ Donuts? An upgrade on their next Hertz rent-a-car?

(In December David Rubenstein bought a copy of the Magna Carta for $21.7 million.)

http://blogs.wsj.com/deals/2008/03/14/carl.../#comment-38233

Fed just made matters worse, says Carlyle
March 15 2008
http://www.ft.com/cms/s/0/317bcbe0-f235-11...00779fd2ac.html

Senior managers at private equity giant Carlyle face personal losses of $135m following last week's collapse of its mortgage-backed security fund Carlyle Capital Corporation (CCC).
March 16 2008
http://www.guardian.co.uk/business/2008/ma...quities.banking
 Hoop

Joined: 5/1/2006
Msg: 496
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History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:39:56 AM
*tongue in cheek*

Schadenfreudian, keep in mind Carlyle's heavy presense worldwide..

Asia

With offices in Beijing, Hong Kong, Mumbai, Seoul, Shanghai, Singapore, Sydney and Tokyo, Carlyle’s buyout, venture and real estate activities in Asia draw on the local insight of a talented team of investment professionals backed by Carlyle’s global network.

Portfolio

ATL - Amperex Technology Limited
Technology & Business Services ; Asia Growth Capital ; June 2003 ; Exited

Allsec Technologies Limited
Technology & Business Services ; Asia Growth Capital ; August 2006 ; Current

Asahi Security Co., Ltd.
Technology & Business Services ; Japan Buyout ; February 2002 ; Exited

AsiaEC.com, Ltd.
Technology & Business Services ; Asia Growth Capital ; July 2000 ; Exited

Awaken Limited
Technology & Business Services ; Asia Growth Capital ; February 2004 ; Exited

Babela Restaurant Management Co. Ltd.
Consumer & Retail ; Asia Growth Capital ; July 2007 ; Current

Caribbean Investment Holdings Limited
Technology & Business Services ; Asia Buyout ; August 2004 ; Current

Century Tower
Real Estate ; Asia Real Estate ; August 2002 ; Exited

China Pacific Insurance (Group) Co. Ltd. (formerly China Pacific Life Insurance)
Consumer & Retail ; Asia Buyout ; December 2005 ; Current

China Real Estate Network
Technology & Business Services ; Asia Growth Capital ; September 2005 ; Current

Chongqing Polycomp International Corporation
Industrial ; ; June 2006 ; Current

Claris Lifesciences Limited
Healthcare ; Asia Growth Capital ; March 2006 ; Current

Colin Medical Technology Corporation
Healthcare ; Japan Buyout ; December 2003 ; Exited

Credit Orienwise Group
Technology & Business Services ; Asia Growth Capital ; March 2006 ; Current

Ctrip.com International, Ltd.
Technology & Business Services ; Asia Growth Capital ; November 2000 ; Exited

eAccess, Ltd.
Telecom & Media ; Asia Growth Capital , Japan Buyout , U.S. Venture & Growth Capital ; September 2001 ; Exited

Eastern Multimedia Company
Telecom & Media ; ; July 2006 ; Current

Elitecore Technologies Ltd.
Technology & Business Services ; Asia Growth Capital ; June 2007 ; Current

Enorbus Technologies Limited
Technology & Business Services ; Asia Growth Capital ; April 2004 ; Exited

Epivalley Company Limited
Technology & Business Services ; Asia Growth Capital ; January 2004 ; Exited

Financial Software & Systems Pvt Ltd
Technology & Business Services ; Asia Growth Capital ; November 2000 ; Current

Flexcom Company Limited
Technology & Business Services ; Asia Growth Capital ; August 2005 ; Current

Focus Media Holdings Limited
Telecom & Media ; Asia Growth Capital ; August 2004 ; Current

Gakusei Engokai Co., Ltd.
Telecom & Media ; Japan Buyout ; September 2005 ; Exited

Great Offshore Limited
Technology & Business Services ; Asia Growth Capital ; July 2007 ; Current

HongHua Group Holding
Energy & Power ; Asia Growth Capital , Global Energy & Power ; December 2006 Current

Housing Development Finance Corporation
Technology & Business Services ; Asia Buyout ; July 2007 ; Current

Huaya Microelectronics Limited
Technology & Business Services ; Asia Growth Capital ; December 2003 ; Current

Hyundai Communications & Network
Telecom & Media ; Asia Growth Capital ; November 2006 ; Current

Izumisano and Nishiwaki
Real Estate ; ; August 2006 ; Current

Kito Corp.
Industrial ; Japan Buyout ; September 2003 ; Current

KorAm Bank
Opportunistic ; Asia Buyout ; June 2000 ; Exited

LearningMate Solutions Pvt Ltd.
Technology & Business Services ; Asia Growth Capital ; October 2003 ; Current

Loc Town Odate-Nishi
Real Estate ; Asia Real Estate ; February 2006 ; Current

Nakaya Microdevices Ltd.
Technology & Business Services ; Asia Growth Capital ; April 2007 ; Current

Newgen Imaging Systems Pvt Ltd
Technology & Business Services ; Asia Growth Capital ; October 2004 ; Current

NineYou Limited (formerly Runstar Limited)
Technology & Business Services ; Asia Growth Capital ; November 2004 ; Current

Nitride Semiconductor Co., Ltd.
Technology & Business Services ; ; December 2001 ; Current

Omiya Center Building
Real Estate ; Asia Real Estate ; October 2004 ; Exited

Omuta Rex
Real Estate ; ; August 2006 ; Current

Pacific China Holdings
Consumer & Retail ; Asia Buyout ; May 2001 ; Exited

Pacific Tower
Real Estate ; Asia Real Estate ; August 2003 ; Exited

Power Center Otsu
Real Estate ; Asia Real Estate ; March 2006 ; Current

QuEST
Technology & Business Services ; Asia Growth Capital ; May 2003 ; Exited

Qualicaps Group
Healthcare ; Japan Buyout ; October 2005 ; Current

Rhythm Corporation
Automotive & Trans , Industrial ; Japan Buyout ; December 2004 ; Exited

SSKI Investor Services, Pte. Ltd.
Technology & Business Services ; Asia Growth Capital ; October 2000 ; Exited

Shanghai Anxin Flooring Co., Ltd.
Industrial ; Asia Growth Capital ; June 2006 ; Current

TLI Incorporated
Technology & Business Services ; Asia Growth Capital ; August 2005 ; Current

TOPIA Education, Inc.
Technology & Business Services ; Asia Growth Capital ; April 2007 ; Current

Taiwan Broadband Communications
Telecom & Media ; Asia Buyout ; July 1999 ; Exited

Time Share Advertising & Communications Co. Ltd.
Telecom & Media ; Asia Growth Capital ; November 2006 ; Current

Toshiba Ceramics Co., Ltd.
Technology & Business Services ; Japan Buyout ; December 2006 ; Current

WILLCOM, Inc.
Telecom & Media ; Asia Buyout , Japan Buyout , U.S. Buyout ; October 2004 ; Current

Wanbishi Warehouses
Real Estate ; Asia Real Estate ; March 2005 ; Current

Worldzen Holdings Limited
Technology & Business Services ; Asia Growth Capital ; February 2003 ; Exited

Xtep (China) Company Limited
Consumer & Retail ; Asia Growth Capital ; July 2007 ; Current

Yangzhou Chengde Steel Tube Co. Ltd.
Technology & Business Services ; Asia Buyout ; March 2007 ; Current

ZCom Company Limited
Technology & Business Services ; Asia Growth Capital ; September 2005 ; Current
 RedTory

Joined: 3/3/2008
Msg: 497
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:40:16 AM
True, MG, but I've seen a lot of stuff on the net from religious folk who say stock up on food, water, gold, guns, etc.
 Schadenfreudian

Joined: 7/5/2007
Msg: 498
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 9:53:24 AM
Hoop, y'all can call me "Shady."

What's the name of the holding company that fronts Blackwater? I thought there was a Carlyle connection, too.

The next president can't dust off the ol' Sherman Anti-Trust act fast enough. Time to put sociopathic plutocrats in the prison of our choice...the prisons that Halliburton's been building 24/7, maybe?
 Hoop

Joined: 5/1/2006
Msg: 499
view profile
History
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 2:09:26 PM
I'm honestly not sure yet Shady,

The connections are convoluted..

Erik Prince appears to be the owner:
http://en.wikipedia.org/wiki/Erik_Prince

Joseph E. Schmitz (ex- Pentagon inspector general) appears to be chief operating officer and general counsel for the Prince Group who is referenced at:
http://www.worldsecuritynetwork.com/_dsp/dsp_authorBio3.cfm?authID=10

World Security Network, founder and President, German entrepreneur and geostrategist Dr. Hubertus Hoffmann:
http://www.worldsecuritynetwork.com/corp/index3.cfm

Hubertus Hoffmann who is referenced as a partner in General Capital Group:
http://www.general-capital-group.com/page_nonav.aspx?Page=3d169494-8e41-4245-9b2e-9b6391919560
 RedTory

Joined: 3/3/2008
Msg: 500
If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 3:03:10 PM
"Mister, we could use a man like Herbert Hoover again..."

http://video.google.com/videoplay?docid=754861163458414287&q=los+angeles+tent+city&total=690&start=0&num=20&so=0&type=search&plindex=1

Herbert Hoover had Hoovervilles. What should we call these?
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