The year that just ended was one of the most remarkable on record for the financial services industry. Bear Stearns and Lehman Brothers, are no more. Freddie Mac and Fannie Mae were seized by the government, Bank of America has absorbed Merrill Lynch, and Goldman Sachs and Morgan Stanley are now bank holding companies. Housing has imploded, government is clamping down, and investors are downright spooked.

How all this plays out for the industry is still an open question, of course. What follows are predictions from editors of SourceMedia Inc.'s publications. All standard disclaimers apply: Last year made all too clear just how perilous the business of prognosticating can be.

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