http://www.minyanville.com/articles/C-bac-BSC-UBS-TMA/index/a/16166
The credit market's eye of Sauron has shifted, providing a temporary respite for the ailing municipal bond market, where investors like Wilbur Ross are scooping up assests.
This is insane leverage
Carlyle Capital Corporation -- a unit of private equity firm the Carlyle Group -- missed a margin call on its $27.1 billion loan portfolio and may be forced to dump assets to pay back lenders. The company has just $670 million in equity supporting the portfolio, or a leverage ratio of 32 times.
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