Financial Sight

photo by FreeWine


Quote for the day:

'I wish life was not so short,' he thought. 'Languages take such a time, and so do all the things one wants to know about.'

- J. R. R. Tolkien, The Lost Road

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In the news:

Citigroup, the largest U.S. bank, is close to selling about $12 billion of leveraged loans and bonds to a group of private equity firms including Apollo Group, Blackstone Group and TPG, at an average price slightly below 90 cents on the dollar.


Crude oil rose above $111 a barrel and Regular gasoline rose 1.2 cents to a record $3.343 a gallon after a government report showed that U.S. supplies unexpectedly dropped.

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