Epic Insights Expanded 4-28-2009

By Sean Hannon
27 April 2009 @ 11:59 am EDT

The credit crisis-induced recession has battered stock markets and altered long-held beliefs. Companies that felt they could always finance themselves in the commercial paper market disappeared. Those that believed a low stock price would encourage corporate buyers to acquire them now stare at single-digit prices. As the rules have been rewritten, entire industries have disappeared. No example is as obvious as the heart of Wall Street—the independent investment bank.

This article is copyrighted by International Business Times.

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