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Article: What just happened?(LABJ FORUM)
- Article from:
- Los Angeles Business Journal
- Article date:
- December 22, 2008
CopyrightCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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There was not a lot of good news about lenders, real estate companies and homebuilders in 2008. Countrywide and IndyMac collapsed along with home prices, causing significant economic impacts including job losses on the local scene. So the Business Journal asks:
What was L.A.'s biggest business news stow of 2008?
* MICKIE ROSEN
Investment Partner
Velocity Interactive Group
The economy and its impact on L.A.-based industries, businesses and individual lives. The declines have been unexpectedly sharp, and Los Angeles has not been immune. The city continues to struggle with budget shortfalls. Our pillar industries like media are ...