District's Carlyle Senses a Profit in Toxic Bank Assets, Buyout Firm Raises $1 Billion
By Thomas Heath
Washington Post Staff Writer
Monday, February 16, 2009; Page D03
District-based Carlyle Group, a giant private-equity firm, has raised around $1 billion and hopes to add $2 billion more for investments in financial institutions that come up for sale under President Obama's economic rescue plan, according to people familiar with the company's plans.
The buyout firm will use the money to help with the recapitalization of banks whose balance sheets have been rocked by toxic mortgage assets and are in need of cash, said the sources, who spoke on condition of anonymity because they are not authorized to speak publicly. The financial crisis has crippled institutions big and small.
Note that what they are talking about here is low-enriched uranium, such as used for power station fuel rods. This is NOT bomb-grade material until it is reprocessed.