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Market Update : 
Carlyle Capital Default, Record Low in Dollar
Author: 123jump.com Staff
123jump.com
Last Update: 5:53 PM EDT March 13 2008


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Carlyle Capital Corporation may lose all of its remaining assets as early as next week after the company and lenders failed to agree on refinancing terms. The fund assets may be liquidated adding more strains to already volatile credit markets and dragging dollar to a record low against euro. The recent decline in mortgage securities prices prompted margin calls of $98 million due tomorrow. Carlyle will not meet these margin calls and is forced to surrender its collateral assets of $17 billion.

 

 

 
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