In the time before the "Recent Unpleasantness" there was a perception that "No Rules Need Apply." Reality intervened and a series of events from last spring (beginning with Soros/Druckenmiller/Tiger/...) changed the landscape.

There has been much finger-pointing: Greenspan - too late/political; Venture types - capital spending and valuations; Management - young and naive; Markets - not ready for change; Investors - naive and reckless; Analysts - irresponsible and ethically-challenged; Financial Institutions - pumped up the volume; Governance Institutions - ignorant in rules; Lawyers, etc. The list goes on. Many complaints are fair credit, others might be overstated, or impact misjudged. The result - many good and bad companies failed, and some of each survived.

We have an excellent panel of experienced individuals that lived through these events and can speak critically to the situation and the necessities of survival. What did it take to survive in the face of these changing capital and market realities?