Michael Huffington, the wealthy former Republican congressman from California, is suing the Carlyle Group and its co-founder, David Rubenstein, over misrepresentations and deceptions Huffington claims they made regarding his $20 million investment loss in Carlyle Capital Corp., Carlyle’s failed publicly traded mortgage fund.

Carlyle “offered to sell shares of stock in the fund by knowingly or negligently representing that, among other things, the fund was ‘conservative,’ ‘low risk’ and that the ‘downside [was] very limited,’” according to the suit, filed in Massachusetts state court on Monday. Huffington, the ex-husband of political pundit Arianna Huffington, lost “the full value of his investment” when Carlyle Capital blew up last year.

The Carlyle investment came about at a July 4, 2006, celebration in Iceland honoring former President George H.W. Bush, the suit says. At the dinner, Bush introduced Huffington to Rubenstein, a managing director of the sprawling private-equity group.

http://www.forbes.com/2009/07/…..ngton.html

Bush 1 set up his buddy! I knew that the market’s losses were to big even the insider Cronies took a hit nobody looses $20 million without screaming!

http://seminal.firedoglake.com/diary/6669

Suz couldn’t figure out why but the link works any Mods around?

The army in Honduras would never have made this coup without ASSURANCES that America would talk tough but otherwise do nothing. The School for the America’s trained Generals do nothing unless America says so, well the anti Commie secret Government part of America. The IRI is the Anti Commie secret Government’s foreign policy wing run by John McCain (its former chair) and friends. They certainly have the political power to make assurances to the Generals in Honduras that America will do nothing, just look at the hard time they are giving Obama on everything. We know or at least we Hope that Obama’s people were unaware
The IRI currently operates with a robust budget of $79 million. Though one of John McCain’s goals as chairman of the organization has been to increase private funding for the IRI, the overwhelming majority of funds for the organization comes from two public sources, the National Endowment for Democracy (NED) and the US Agency for International Development (USAID).

http://www.coha.org/2008/06/a-…..d-the-iri/

http://seminal.firedoglake.com/diary/6023

Founded in 1983, the IRI’s website reminisces about how it “planted seeds of democracy in Latin America.” Several of these so-called “seeds” were sown during John McCain’s tenure as the IRI’s Chairman. The main IRI project in Haiti involved the overthrow of the country’s democratically-elected President, Jean-Bertrand Aristide in 2004.

http://www.coha.org/2008/06/a-…..d-the-iri/

More background on McCain and the IRI
So Mr Obama given McCain’s past association with Coups I think this might be worth investigating if the Coup
rumor turns out to be true.
In which case I will turn this into a diary.


Board of Directors
U.S. Senator John McCain, Chairman
Ranking Member, Senate Committee on Armed Services
Peter T. Madigan, Vice Chairman

http://www.iri.org/board.asp

What do you want to bet the IRI was involved and that means John McCain? Obama needs to shut them down! He decides American Foreign Policy not a bunch of Rich White Guys!

http://www.handsoffvenezuela.o…..nduras.htm

The company is called Barrick Gold.

The operation is planned by a multi-national company, one of whose
members is
George Bush Senior.

http://www.democraticundergrou…..15;1297775

The Usual Suspects?