Carlyle Expects Banks to Seize Assets

Story date: 2008-03-12 11:10:00
Added on: 2008-03-12 23:39:35

Newsday - If the borrower does not meet the margin call, the lender may sell the security. The value of mortgage-backed securities plummeted as U.S. home prices fell and foreclosures surged, prompting the banks to ask Carlyle for more than $400 million in ...


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