Alpha Natural Resources says it will buy Foundation Coal Holdings for approximately $1.4 billion, creating one of the nation’s largest coal producers.

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Alpha Natural to buy Foundation Coal for $1.4B (AP)
Investor hopes that the U.S. recession may have bottomed out propelled oil prices well above $59 a barrel on Tuesday

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Oil above $59 on signs US recession is easing (AP)
Citigroup Inc. is using its $45 billion in government capital to make nearly that much in new loans. Citigroup said its committee overseeing the use of taxpayer money approved $44.75 billion in lending initiatives as of March 31.

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Citigroup: TARP loans near $45 billion mark (AP)
One of the hot stories this last week was that the Obama Administration had supposedly pressured and/or threatened hedge fund managers who held Chrysler debt.

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Hedge Fund Manager Clifford Asness Pushes Back At Obama
One of the topics in my personal finance course (FINM1401) is Managing Credit. Yesterday I finally got around to listening to the recent EconTalk podcast about credit and bankruptcy
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Managing Credit
Haven’t posted lately.
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Understanding the Financial Crisis






