Michael Huffington, Former GOP Congressman, Sues Carlyle Group Over $20M In Mortgage Fund Losses

forbes.com:

Michael Huffington, the wealthy former Republican congressman from California, is suing the Carlyle Group and its co-founder, David Rubenstein, over misrepresentations and deceptions Huffington claims they made regarding his $20 million investment loss in Carlyle Capital Corp., Carlyle's failed publicly traded mortgage fund.

Read the whole story: forbes.com

Comments

[StanMann]

$20 million that is a lot of money to have. I take it he did not lose all his money.

[WorkingClass]

They should just make him an offer. The Carlyle Group could pfart $20 million.

[the964kid]

The Carlyle Group is one of the few organizations that's shadier then Blackwater - anybody who works with them deserves to get burned.

[westcoastsc]

I can't believe how isolated he must have been to not have known of their history and to have invested with them and their crookedness.

[notAMoron]

Michael Huffington would be a good subject for the guy that does a video series on the love lives of republicans.

[spinns17]

why would the repubes want healthcare reform

[spinns17]

http://www.carlyle.com/Portfolio/Industry/item8228.html

[chabnormal]

Yep. The article answered my question (imagine that). If i had money to invest, I personally wouldn't have anything to do with anything to do with Bush.