The Carlyle Group mortgage bond fund is going down, and taking the rest of the stock market with it. In the wake of a $200 billion Fed plan, one of the most influential firms on Wall Street is struggling. And its bringing the rest of the stock market down with it. Bloomberg reports on the latest addition to the stock market financial sector bloodbath:

Citigroup Inc. and Bank of America Corp. dropped after
Carlyle’s fund said lenders will “promptly” take over all of
its remaining assets. American International Group Inc. slid as
Morgan Stanley downgraded the world’s largest insurer and
predicted losses linked to credit-default swaps will be higher
than the company’s forecast.