Carlyle collapse

[dinny]

Very worrying Carlyle

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ooh is this a hedge fund?

can I feel smug as I drive past hewge dorset houses bought by the city boys?

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Relived to see this isn't Robert Carlyle.

Or Carlisle.

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I thought it was a hedge fund collapsing

and naively thought the only people who would suffer are the highly over paid hedge fund managers

am almost certainly very very wrong

(the last sentence of her first post)

Oh i am not wrong [brightens]

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this thread is so far over my head there's clouds between us

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can we have a synopsis for stupid people?, obviously i am not one but thought i would ask just in case there were any out there.

lol

nooooo, worrying for States and us, the world, in fact.
shit creek

But it was an unreasonble investment in the first place. A bit like the Lloyds insurance issue years ago ... those who had invested in Lloyds dined out on how they were Lloyds Names, as it carried a certain cachet. For years they lived off the interest, then were ruined when it came crashing down.

should I have changed my mortgage to a fixed rate when firstdirect offered me one [ponders]

That would be me, hifi

You wha'?

bump for Noddy

Bear stern also gone the way of northern rock.We are in for a rough ride.I viewed a property yesterday and offered 250 and it was 265 and they said no.Its been on the market ages and we are first offer.When I mentioned the state of the economy to the agent he looked perplexed and said it will pick up at easter.i despair at times at the lack of knowledge of tehse people

thanks dinny

I know, everyone is in denial

still, you have to have been in recession for at least 6 months before people start calling it that...

they are crazy to reject your offer

many people made that mistake in the last recession - they'll still be trying to sell it in a year, I bet, and be lucky to get 180k

we are definitely in it.I think everyone is waiting to see if it will happen when in truth it is well under way

I can see money becoming devalued, can you? Labour will do anything to avoid this abyss, can imagine them crazily printing money...

wait for the next run on a bank - wonder which it'll be...

Wendy

"You lose count of the number of references to ?leverage without limit?. Never mind the eye-popping 32 times gearing CCC opted for."

The above sentence means the following:

CIC rather frequently mentioned in its prospectus (=thick document given to potential investors, which is supposed to explain all there is to know about a fund) that it could take on as much debt as it wanted (normally funds have limits). And it ended up borrowing 32 times its own cash, and investing it all.