Comments on: Carlyle Default? http://jontaplin.com/2008/03/06/carlyle-default/ Sun, 21 Mar 2010 07:59:05 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jon Taplin http://jontaplin.com/2008/03/06/carlyle-default/comment-page-1/#comment-1590 Jon Taplin Fri, 07 Mar 2008 19:18:23 +0000 http://jtaplin.wordpress.com/?p=311#comment-1590 In Europe this story is having a major effect. http://www.iht.com/articles/2008/03/06/business/rates.php A default by a London unit of the private equity firm Carlyle Group on residential mortgage-backed securities underscored the fragility of global markets, six months after the subprime crisis prompted the European Central Bank to inject hundreds of billions of euros into the market. In Europe this story is having a major effect.
http://www.iht.com/articles/2008/03/06/business/rates.php

A default by a London unit of the private equity firm Carlyle Group on residential mortgage-backed securities underscored the fragility of global markets, six months after the subprime crisis prompted the European Central Bank to inject hundreds of billions of euros into the market.

]]> By: Dax http://jontaplin.com/2008/03/06/carlyle-default/comment-page-1/#comment-1589 Dax Thu, 06 Mar 2008 15:39:31 +0000 http://jtaplin.wordpress.com/?p=311#comment-1589 "Jingle mail" refers to the latest practice of putting your house keys in an envelope and mailing them to your home lender. In other words, simply giving up all your equity and crying uncle by walking away from your financial obligations no matter what the consequences. “Jingle mail” refers to the latest practice of putting your house keys in an envelope and mailing them to your home lender. In other words, simply giving up all your equity and crying uncle by walking away from your financial obligations no matter what the consequences.

]]> By: Morgan Warstler http://jontaplin.com/2008/03/06/carlyle-default/comment-page-1/#comment-1588 Morgan Warstler Thu, 06 Mar 2008 14:03:31 +0000 http://jtaplin.wordpress.com/?p=311#comment-1588 CCC shares were down 1.7 percent at $11.80 by 0900 GMT, but only 1,000 shares had changed hands. Washington DC based The Carlyle Group has more than $75 billion under management and has attracted a string of high-profile advisers including U.S. President George Bush in the early 1990s and former British Prime Minister John Major. This week it said it had hired Olivier Sarkozy, half-brother of French President Nicolas Sarkozy, from investment bank UBS as it looks to "capitalize on the dislocation in the financial services sector." CCC shares were down 1.7 percent at $11.80 by 0900 GMT, but only 1,000 shares had changed hands.

Washington DC based The Carlyle Group has more than $75 billion under management and has attracted a string of high-profile advisers including U.S. President George Bush in the early 1990s and former British Prime Minister John Major.

This week it said it had hired Olivier Sarkozy, half-brother of French President Nicolas Sarkozy, from investment bank UBS as it looks to “capitalize on the dislocation in the financial services sector.”

]]> By: bmh http://jontaplin.com/2008/03/06/carlyle-default/comment-page-1/#comment-1587 bmh Thu, 06 Mar 2008 13:11:48 +0000 http://jtaplin.wordpress.com/?p=311#comment-1587 re Zhirem I am not a financial expert but from what I read in the media/econoblogshere jingle mail refers to homeowners (or to be more precise homeborrowers) who can not or are not willing to make their monthly payments. They send in their keys and move out of the house. On reason for this behaviour apparently is negative equitiy, e.g. through falling house prices the amount of dept they have is higher than the house they live in is worth. I don't know what the legal consequences of this behaviour are and I don^t know how many jingle mailers are actually around, but judging from Bernankes pledge to the lenders to adjust mortgages it might be a real threat. If you visit the calculated risk blog you will find an ongoing discussion on this subject. Best BMH re Zhirem
I am not a financial expert but from what I read in the media/econoblogshere
jingle mail refers to homeowners (or to be more precise homeborrowers) who can not or are not willing to make their monthly payments. They send in their keys and move out of the house. On reason for this behaviour apparently is negative equitiy, e.g. through falling house prices the amount of dept they have is higher than the house they live in is worth. I don’t know what the legal consequences of this behaviour are and I don^t know how many jingle mailers are actually around, but judging from Bernankes pledge to the lenders to adjust mortgages it might be a real threat. If you visit the calculated risk blog you will find an ongoing discussion on this subject.
Best BMH

]]> By: Zhirem http://jontaplin.com/2008/03/06/carlyle-default/comment-page-1/#comment-1586 Zhirem Thu, 06 Mar 2008 11:59:52 +0000 http://jtaplin.wordpress.com/?p=311#comment-1586 Jingle mail? (late Christmas financial posting?) Translation please for those of us not up to date with modern financial vernacular? Many Thanks, - Zhirem Jingle mail? (late Christmas financial posting?)

Translation please for those of us not up to date with modern financial vernacular?

Many Thanks,

- Zhirem

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