Washington

“Enormous Losses” Loom, Carlyle’s Rubenstein Says 

The financial impact of the mortgage and credit crisis is far from over, according to the chairman of The Carlyle Group, one of the world’s largest private equity firms. In remarks made at a breakfast meeting of the Institute for Education Public Policy Roundtable in Washington Tuesday, Carlyle chairman David Rubenstein said that “enormous losses” yet lie ahead for many of the worlds largest banks and financial institutions.