You might remember the Carlyle Group. They are the ones with political connections to both the Bush Family and the House of Saud.
Well it seems that the Real Estate Bust has caught them with their pants down.
Washington-based private-equity firm Carlyle Group has been forced to lend money to Carlyle Capital Corp. Ltd., a highly leveraged fund listed in Amsterdam that invests in residential mortgage-backed securities, to meet margin calls.
In a statement Tuesday, Carlyle Capital said Carlyle Group has extended a $100 million one-year loan to help it fund itself, and that it has already tapped the loan for $10 million.
The company's stock is down 16% since July 4th.
It couldn't happen to a better bunch of guys.