Loretta Napoleoni, writing in the Chicago Tribune would have us believe that ”love, hate, power and greed” are causing bad investments in the housing market, which is a bit surprising to those of us who bought homes just wanting a roof over our heads.

She then goes on to connect “Prime Minister John Majors (sic), former president George Bush and the Arab super-rich, among whom are members of the bin Laden family” as founders of Carlyle Group, and Carlyle Capital.

In Loretta’s melodrama, Carlyle Capital has gone bankrupt, showing those bad old world leaders and Arabs a thing or two about what happens when you dare to make an investment.

Of course, Loretta forgets to mention that Carlyle Group is doing just fine, while the bankrupt entity, Carlyle Capital, was only 15% owned by the Group. The Carlyle Group is organized much like a McDonald’s with a “ringed fence” isolating its multiple entities from the bankruptcy of other entities.

Yes, Loretta, investors took a risk, and lost.