How willing are the financial institutions that lent to these companies to restructure, even with tighter loan terms?

Marwil: Much depends on where a lender sits in the capital structure. Senior lenders often think that in a sale of the business or even in a liquidation that they get most, if not all, of their debt repaid. They have no obligation to watch out for junior creditors.

Senior lenders are starting to react in the current marketplace by not expecting their investment to lose value. Lending standards are not going to drastically change from their current conservative nature. The senior lenders are more interested in simply recovering their capital investment, which is what they've really been doing for the last six to twelve months.

Editor: Many corporations will soon be facing the maturity of debt they obtained on favorable terms back in 2006 and 2007. What is going to be the fallout from that and how can boards and managers prepare themselves? Marwil: The first thing that management and the boards need to recognize is that unlike prior business downturns, the existing lender base is very ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.