Margin Calls Threaten Two Mortgage Companies/Investors
Pazar, 09 Mart 2008
One of the biggest names in the New York/Washington financial axis was one of two big industry players to hit the wall this week as their lenders became very nervous about the collateral they were holding - mostly mortgages or mortgage related securities.
The Carlyle Fund is managed by The Carlyle Group, which claims some of the biggest names in politics serving in the present or past tense as employees, directors, investors, or advisers. The Fund announced this week that it had failed to meet margins calls on its $21.7 billion portfolio. A margin call occurs when a lender fears that underlying collateral is no longer sufficient to ensure the safety of a loan and calls for the borrower to either provide additional collateral or pay down the loan.
