Section 68 What Lies Ahead (New Section)

• Library: Business Transitions 2009 Supp

Clearly, more legislation will be enacted and more federal government stimulus plan investment will occur, at least in the short term. The aggregate new exposure to the American taxpayer is already in the several trillions of dollars, and a significant part of that “exposure” will eventually be recorded as true losses. Whether the economy, the financial system, and major industries can be rescued by incurring this massive new debt remains to be seen, but the use of leverage to finance other traditional...