Carlyle Capital Corp Credit Crunch Casualty - 6 C's

Bang, what a crash that one!
Supposedely safe fund sank by sub-prime, allegedly - just how much further is this going, along with its contagion the US sub-prime housing boom and bust has such far reaching effects
It is said that most or all of the CCC fund or investment was actually in prime mortgages as opposed to sub prime adverse mortgages
Apparently Deutsche Bank and JP Morgan were the one to pull the plug, watch this space, please
Anyhow, gold has shot up in price and banks still don't seem to be lending to each other despite cash being made available both in EU and USA