http://en.wikipedia.org/wiki/Carlyle_Group
Intersting people in this “Group”!
What is interesting about the Wiki entry on Carlyle is that they have revised the article since I started posting about it on the WSJ comment boards. I have tried posting articles on FreeRepublic about the Carlyle Group, but could never generate any interest.
Carlyle posted two losing quarters this past year, but continued to invest money in failing companies, including SUNOCO and and a coal train company, which operates around the world but was losing money in New England due to the shut down of coal powered plants. The Genessee Wyoming RR is one of Obama’s favorites because it has the rights to tracks out west that Obama needs to carry coal to new coal terminals in Oregon. Sometimes I wonder if Richard Trumka is directing the investments.
This is the link to the Carlyle story that I posted a couple of months ago.
http://www.freerepublic.com/focus/f-news/2925446/posts?page=5
Here’s the direct link to the WSJ blog article:http://blogs.wsj.com/privateequity/2012/08/22/with-jobs-on-the-line-obama-white-house-turned-to-private-equity-to-save-the-day/