Comments on: From Davos to Dante in one easy step http://www.tapsns.com/blog/index.php/2008/03/from-davos-to-dante-in-one-easy-step/ Mark Anderson Strategic News Service Sun, 16 Jan 2011 14:38:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tim Coldwell http://www.tapsns.com/blog/index.php/2008/03/from-davos-to-dante-in-one-easy-step/comment-page-1/#comment-184 Tim Coldwell Mon, 10 Mar 2008 12:28:19 +0000 http://www.tapsns.com/wordpress/?p=120#comment-184 FT alphaville markets live chat today sheds some light on Carlyle Capital: Can I just blow a whistle? NH: What for? PM: Carlyle Capital Corporation. NH: ??? PM: This was leveraged THIRTY TWO TIMES!!!!!! PM: Hello? Levered 32 times !?!?!!?! PM: here’s the fund’s guff PM: CCC was established on August 29, 2006 with the objective of achieving attractive risk-adjusted returns for shareholders through current income and capital appreciation. CCC invests in a range of fixed income assets including high-grade mortgages and credit products. PM: Can we just put down a pixelated record here – this fund is/was run by one John C Stomber. PM: Here’s his biog: PM: Mr. Stomber is a Managing Director of The Carlyle Group. He came to Carlyle from Cerberus where, as Managing Director, he focused on structured transactions with banking and securities firms. Prior to Cerberus, he was Senior Vice President & Global Treasurer of Merrill Lynch & Company where he worked on the post-1998 turnaround of the firm, serving as a Member of the Executive Management Committee and Chairman of the Asset & Liability Committee. Before Merrill Lynch, Mr. Stomber was a Managing Director at Deutsche Bank from 1991 to 1999. At Deutsche, he held several senior positions including Treasurer of the Americas, where he was responsible for funding and risk management for capital markets and banking activities, and principal representative with federal regulators. He subsequently managed and contributed to the growth of Deutsche Bank’s North American fixed income and foreign exchange swaps and derivatives business. From 1981 to 1991, Mr. Stomber served in various capacities at Security Pacific Bank and prior to that he worked at Crocker National Bank. He earned a BA from Franklin and Marshall College and an MBA from New York University. PM: Spot that? NH: Ah, he worked at Crocker National Bank PM: Yes, this was a scandal in the pre-Applegarth era – pre-dates Northern Rock as a public company. NH: Yeah, Midland bank bought Crocker in the 80s. it just about crippled the bank, which was subsequently taken over by HSBC. PM: So that was the original Crock, where this John C Stomber worked. Readers may also know this former bank as Northern Rock. NH: Before running Carlyle Unbelieveably Leveraged Capital. PM: 32 times !?!?!?!?!?! PM: What did the police say? FT alphaville markets live chat today sheds some light on Carlyle Capital:

Can I just blow a whistle?

NH: What for?

PM: Carlyle Capital Corporation.

NH: ???

PM: This was leveraged THIRTY TWO TIMES!!!!!!

PM: Hello? Levered 32 times !?!?!!?!

PM: here’s the fund’s guff

PM: CCC was established on August 29, 2006 with the objective of achieving attractive risk-adjusted returns for shareholders through current income and capital appreciation. CCC invests in a range of fixed income assets including high-grade mortgages and credit products.

PM: Can we just put down a pixelated record here – this fund is/was run by one John C Stomber.

PM: Here’s his biog:

PM: Mr. Stomber is a Managing Director of The Carlyle Group. He came to Carlyle from Cerberus where, as Managing Director, he focused on structured transactions with banking and securities firms. Prior to Cerberus, he was Senior Vice President & Global Treasurer of Merrill Lynch & Company where he worked on the post-1998 turnaround of the firm, serving as a Member of the Executive Management Committee and Chairman of the Asset & Liability Committee. Before Merrill Lynch, Mr. Stomber was a Managing Director at Deutsche Bank from 1991 to 1999. At Deutsche, he held several senior positions including Treasurer of the Americas, where he was responsible for funding and risk management for capital markets and banking activities, and principal representative with federal regulators. He subsequently managed and contributed to the growth of Deutsche Bank’s North American fixed income and foreign exchange swaps and derivatives business. From 1981 to 1991, Mr. Stomber served in various capacities at Security Pacific Bank and prior to that he worked at Crocker National Bank. He earned a BA from Franklin and Marshall College and an MBA from New York University.

PM: Spot that?

NH: Ah, he worked at Crocker National Bank

PM: Yes, this was a scandal in the pre-Applegarth era – pre-dates Northern Rock as a public company.

NH: Yeah, Midland bank bought Crocker in the 80s. it just about crippled the bank, which was subsequently taken over by HSBC.

PM: So that was the original Crock, where this John C Stomber worked.

Readers may also know this former bank as Northern Rock.

NH: Before running Carlyle Unbelieveably Leveraged Capital.

PM: 32 times !?!?!?!?!?!

PM: What did the police say?

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