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Loan Modification

: Mortgage Lender Implode-o-Meter

Go-Between Tied Funds to Carlyle

By Implode-Explode Heavy Industries

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The Carlyle Group, celebrated for its political ties as well as its global investment prowess, was eager to expand in the energy business. David M. Leuschen, a specialist in oil and energy at Goldman Sachs, wanted a partner to help him lure big investors.

Together, they created the Carlyle/Riverstone energy investment fund back in 2000 and brought in billions of dollars from state pension funds.

And together, they have earned the wrath of the New York attorney general in his investigation of corruption by state officials and investment firms.

Full post as published by Mortgage Lender Implode-o-Meter on May 15, 2009 (boomark / email).

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