Carlyle Group Exposed

Yet another way to fix an election among other things.

This video starts out in Dutch but soon turns into English

The language is Dutch, the documentary was aired on Dutch public television in may 2003.

Translation of the first one minute forty seven seconds of this program.

“The war in Iraq does not seem to be over al all, but in the meantime the rebuilding has already started. This has unleashed fierce competition for contracts, which are mainly awarded to American ( U.S.) companies.

What is remarkable about these companies, is that they have people on their payroll from American politics and the military. Is this a conflict of interest, or is this the new global way of doing business?

[text in the screen at this time reads: ‘the iron triangle’]

One of the companies that operates in this manner is the Carlyle Group.

On their payroll are people like : George Bush (Sr.), James Baker III and old premier John Major.

The Carlyle Group is a private investment bank which doesn’t come to the publics attention very often but it is one of the biggest American (ed: USA) investors of the defense industry, telecom, property and financial services.

download video: carlyle_group.rm (34.3 MB)

If you need RealOne Free Player 2.0

it can be downloaded Free at

In March 2008, “Carlyle Capital, an affiliate of the private equity firm the Carlyle Group, said that its negotiations with lenders had broken down and that it was in default on $16.6 billion in loans. Carlyle had borrowed the money to buy mortgage securities backed by Fannie Mae and Freddie Mac. All appeared well until the prices of those bonds declined and the lenders made a margin call — a demand that Carlyle put up more collateral to cover the loans.”

The Carlyle Funds include: U.S. Buyout Funds group; U.S. Venture Funds group; U.S. Real Estate Funds group; U.S. High Yield Funds group; Europe Buyout Fund; Europe Venture Fund; Asia Buyout Fund; Asia Venture Fund; and Carlyle/Riverstone Global Energy and Power Funds.

The following is taken from Hoover’s Online:

In 1987 T. Rowe Price director Edward Mathias brought together David Rubenstein, a former President Carter aide; Stephen Norris and Daniel D’Aniello, both executives with Marriott Corp.; William Conway, Jr., the CFO of MCI; and Greg Rosenbaum, a VP with a New York investment firm. They pooled their experience along with a load of money from T. Rowe Price Associates, Alex. Brown & Sons (now Deutsche Banc Alex. Brown), First Interstate (now part of Wells Fargo), and Pittsburgh’s Mellon family to form a buyout firm.

Named after the Carlyle Hotel in New York, the firm opted to make Washington, DC, its headquarters so it wouldn’t get lost in the crowd of New York investment firms. The company spent its first years investing in a mish-mash of companies, using Norris’ and D’Aniello’s Marriott experience to focus primarily on restaurant and food service companies (including Mexican restaurant chain Chi-Chi’s).

In 1989 it wooed the well-connected Frank Carlucci, who had served as President Reagan’s secretary of defense, to join the group. Soon thereafter, Carlyle began making more high-profile deals. That year it acquired Coldwell Banker‘s commercial real estate operations (sold 1996) and Caterair International, Marriott’s airline food services (sold 1995).

Carlucci helped redirect the firm’s focus to the downsizing defense industry. Among its targets were Harsco Corp. (1990), BDM International (1991), and LTV Corp.‘s missile and aircraft units (1992). Carlyle helped overhaul their operations and make them attractive (for the right price) to the industry’s elite, including Boeing and Lockheed Martin.

As the company’s reputation grew, so did its cast of players. Among its new backers were James Baker and Richard Darman (both Reagan and Bush administration alums) and investor George Soros, who chipped in some $100 million into the Carlyle Partners L.P. buyout fund. With the help of its ‘access capitalists’ such as Baker and Saudi Prince al-Waleed bin Talal (whom the firm helped add to his fortune in a 1991 Citicorp stock transaction), Carlyle made deals in the Middle East and Western Europe (including a bailout of Euro Disney) in the mid-1990s.

While the firm continued to be a side in the iron triangle, acquiring such defense companies as aircraft castings maker Howmet in 1995, it picked up a grab bag of holdings, such as natural food grocer Fresh Fields Markets (1994; sold 1996); the quick turnaround helped build Carlyle’s war chest. The firm also began investing in industrial-cleanup companies, seeing increased government spending as a major opportunity for profit.

As Carlyle’s esteem rose, so did the number of its investors. In the late 1990s the firm launched buyout funds targeting Asia (closed 1999), Europe (closed 1998), Russia, and Latin America. At home, it faced a dwindling number of opportunities as the long-running bull market drove up prices and more investors chased fewer deals. Among those was its partnership with Cadbury Schweppes to buy the Dr Pepper Bottling Co. of Texas and merge it with its own American Bottling Co.

Carlyle began the new century by launching Carlyle Asset Management Group, selling its stake in Le Figaro to Socpresse, acquiring Rexnord and a majority stake in CSX Lines. Extending its reach, the company partnered with GMT Communications Partners and acquired Casema in 2003.
Published on October 13, 2008 at 3:01 am  Comments (3)  

The URI to TrackBack this entry is:

RSS feed for comments on this post.

3 CommentsLeave a comment

  1. Do you mind if I quote a couple of your posts as long
    as I provide credit and sources back to your weblog? My blog site is in the very same niche as yours and my
    users would genuinely benefit from some of the information you provide here.
    Please let me know if this ok with you. Appreciate

  2. Sharing is a good thing. Most of what is here is from a large variety of news sites. Be sure to also give them credit as well and a link to their sites, as they deserve credit as well. I just do a lot of hunting for some of the posts to get as much pertinent information as I can.

  3. I appreciate, cause I found just what I used to be taking
    a look for. You have ended my four day long
    hunt! God Bless you man. Have a nice day. Bye

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: