RTFA: http://news.bbc.co.uk/2/hi/business/7280892.stm

Carlyle Capital Corporation, the fund manager backed by the giant private equity firm Carlyle Group, has not been able to meet several payment demands.

The company said it received margin calls from seven financing groups that totalled $37m and it was not able to meet four of those requests.

A margin call is a payment to guarantee a much larger debt or investment.

Carlyle Capital invested in assets backed by US mortgages, which have been hard to value since the credit crunch.

In a statement, the company’s chief executive, John Stomber, said the last few days had created a market environment that did not fairly value the fund’s assets.

He said that had caused “instability” and “variability” in the company’s financing arrangements.

He said Carlyle Capital was working with the companies involved to sort out the issues.

One creditor has issued a default notice and Carlyle Capital expects to receive a second such notice.

RTFA: http://www.netstumbler.com/2007/09/18/my-wonderful…

What recourse do passengers that encounter things like this with the TSA have? This is obviously a case where the TSA officer felt that it would be easier to lie to justify his actions, rather than do the right thing and help someone.
How can Delta let my bag fly without me? I thought that airlines are supposed to remove passengers that do not board? Isn’t this a HUGE security risk? I mean, you could read my story and find a massive loop-hole in the security system at airports. Especially given that in recent “dry-runs” bags with simulated bombs made it onto planes. I know I don’t feel safe now, knowing that the baggage belonging to the guy being detained at security is on the plane even if he is not. Does keeping him off the plane make us safer?
Why should coach passengers be discriminated against? Why do first class passengers receive special security treatment? Are they paying more taxes to support the TSA? No! They should be in line with every other tax payer in coach.
Seriously, what if I end up on a “no-fly” list? What recourse does one have in a situation like this? Like this guy?
Who is GAT Security? How did a company with two employees, Jackie and Kyle, with only a cell phone get into a position where they can over rule the TSA and dictate what passengers get on to their flights and which get delayed?
Why did the TSA’s Scott Stanfield refuse to provide me the name of the other TSA employee? His excuse was bogus, if the employee wears a badge… his name is not a government secret!

Infuriating article of someone’s experience. The situation is out of control. If you’ve flown, then there’s little chance you haven’t been abused.