Carlyle Group's mortgage bond fund defaulted on US$16.6

[truthseekernz]

But the US Federal Reserve and other central banks stumped up with US$200 billion to ease access to credit and rescue Carlyle and the others who made piles selling shonky mortgages until the bubble burst. Not one home owner was saved, but no banks have been left behind. :-)

(Paraphrasing Greg Palast's analysis of the timing of thee events.)