Tuesday 1 December 2009

National Industries Sues Carlyle Group

AA saw the news item in the Financial Times this morning.  Hard to miss it's on the front page.

What a shock!

There was no editorial (lead or otherwise) calling for Carlyle Group to step up and guarantee Carlyle Capital Corporation so that NIG could get back its US$50 million investment. 

Nor even more surprisingly was there a call on Abu Dhabi to step up and accept responsibility.

What's capitalism coming to?

Of course, AA will be keeping his eye on tomorrow's FT.  The editorial may be there.  

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