Carlyle Capital Corporation, a subsidiary of the Carlyle Group, has failed. They were unable to meet several hundred million dollars' worth of margin calls, so their lenders are seizing their assets, which may be somewhere north of $20 billion. Or not.
In the meantime, foreclosures are up 60% for February from last year.
Yeah, that $600 rebate check from Der Monkey Fuhrer, which the IRS is going to spend over $41 million to tell us about, is going to do a whole fuckload of good.
Batten down the hatches, people.
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