Section 65 2008, 2009, and Beyond

• Library: Business Transitions 2009 Supp

(New Section)

Since the original chapter was published in 2005, there have been dramatic and unprecedented changes to the United States’ economic, financial, regulatory, and political landscape. The changes have been more revolutionary than evolutionary.

Beginning in 2008 and continuing into 2009 through the date of this supplement, a series of related and unrelated events have pounded the American and world economies, virtually freezing the availability of credit, eroding by more than 40% the stock market’s aggregate value, and plunging the world...