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Lunch Wrap

On FT Alphaville this morning,

- CCC to D: Carlyle Capital liquidated.

- The Fed’s hedge asset laundry: will the TSLF cause more liquidations?

- SWF loss LIVE!

- Selling the farm a new trend for Japan’s banks

- Pastorini: death by firing squad.

- More stress in the CDS markets

- Read today’s Markets Live transcript.

On FT.com,

- AOL swoops on Bebo with $850m cash offer – detail to follow.

- Dollar weakness and the collapse of CCC sparks equity sell-off.

- Dollar falls below Y100.

- Hedge fund Halcyon set to go public.

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