Comments on: Bring a Friend, Hank

By: KayInMaine

KayInMaine — Sun, 28 Sep 2008 22:20:45 +0000

He is on some issues. He was for impeaching Dick Cheney and did vote against the Iraq occupation in the beginning too.

http://www.ontheissues.org/Hou.....ichaud.htm

He’s actually quite liberal on most issues.

By: Propagandee

Propagandee — Sun, 28 Sep 2008 21:32:14 +0000

Wall Street Executives Made $3 Billion Before Crisis

http://www.bloomberg.com/apps/.....refer=home

By: Mauimom

Mauimom — Sun, 28 Sep 2008 21:30:04 +0000

Didn’t Hank Greenberg, head of AIG, suddenly sell $18 million or so of his AIG stock, once the “support” for AIG had bolstered its stock price?

Shouldn’t the government “recapture” those assets, kinda like they do when someone robs a bank?

By: dakine01

dakine01 — Sun, 28 Sep 2008 21:03:13 +0000

Christy hosting Book Salon a couple of flights up

By: yellowsnapdragon

yellowsnapdragon — Sun, 28 Sep 2008 20:52:53 +0000

Good link, thanks.

By: greenwarrior

greenwarrior — Sun, 28 Sep 2008 20:51:34 +0000

Moose Turd Pie

Never heard that before. Great fun!

By: Frank33

Frank33 — Sun, 28 Sep 2008 20:49:00 +0000

Here is a year old article with some crunchy background about the Carlyle Group’s Mortgage investments. You would think they would like to be in the Cayman Islands. But No.

Carlyle Capital was incorporated offshore, on the island of Guernsey in the English Channel, which offers the advantages of low corporate taxes, lax regulation and legal protection from unhappy investors.

My favorite part is about the fees.

And then there are the fees - oh, the fees.

First, there’s the annual management fee of 1.75 percent of equity paid by the investors of Carlyle Capital to the Carlyle Group. That’s a guarantee of $15 million. Add to that the incentive fee if the fund earns more than an 8 percent return on equity, which is not much of a stretch when you’re working with 96 percent leverage. The incentive fee for the first half of 2007 came to $4.7 million. And let’s not forget the 6 percent of Carlyle Capital stock that was awarded to Carlyle Group and its employees upon successful completion of the IPO. By my calculation, that works out to another $55 million.

It comes to about $80 million in the first year alone, or nearly 9 percent of all the money provided by investors, net of investment banking fees.

And for what? Borrowing $21.2 billion from Wall Street broker-dealers at 5.3 percent and using it to buy asset-backed securities that yield 6.5 percent. How hard can that be?

By: kittykitty

kittykitty — Sun, 28 Sep 2008 20:48:19 +0000

Kay, who knew Mike Michaud was a Blue Dog?

By: kittykitty

kittykitty — Sun, 28 Sep 2008 20:42:10 +0000

“Backseat” seems more likely.

By: kittykitty

kittykitty — Sun, 28 Sep 2008 20:41:29 +0000

THAT is my question. I’ve sent it to all my congresscritters, no answer.

I think they don’t know what would happen to US, but they know what would happen to THEM, and that’s what they’re trying to avoid. scum.

when are people going to start questioning the PREMISE of supposed problems?