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What has astounded even older people, who have lived through recessions and restructurings in the past, was the speed with which business ground to a halt.
Lehman Brothers said Wednesday that it is forming a restructuring and finance group, a new team aimed at capitalizing on an expected jump in bankruptcy filings and restructurings in the wake of the credit crunch.
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In recent weeks, at least five other e-commerce consulting companies have announced layoffs and restructurings in light of the sharp pullback in spending for Internet consulting services by start-up companies and corporations.
The Fatimid buildings have gone through many renovations and restructurings in different styles from the early Mamluk period to modern times.
It noted that similar clauses had not been impediments to debt restructurings in the 1980s and 1990s.
Kempf of Goldman Sachs says the negotiations with bondholders are likely to be "contentious given that the company has gone through several restructurings in the past and it had cash available to meet its interest payments".
The project was called Ford 2000 and constituted one of the most fundamental restructurings in the 1990s' rush to re-engineer firms to exploit computing.
"It's a block sale that has never really been done and it's a highly curated basket … There have been GP restructurings in the past; that's not this.
The company has announced restructurings in the past, including the loss of 900 jobs, mainly in Wales, last November.
AMR is the last major American carrier to go through bankruptcy, after its competitors all underwent restructurings in the last decade.
In the industry's financial restructurings in the 80s, Aghion sold her share of the company to Dunhill (Compagnie Financière Richemont SA) in 1985, and retired.
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