The potential fallout is huge: the possible disintegration of Saul Steinberg's Reliance Group, the potential bankruptcy of several California insurers, numerous credit downgrades and the likelihood of big charges to earnings in several widely held insurance companies.

FORBES: Passing the Trash

One much-publicized loser: Saul Steinberg's Reliance Group.

FORBES: Follow-Through

Last year he bought a radiation center in Santa Monica, Calif. run by Michael Steinberg, a member of an influential trade group that advises Medicare on how to set rates for the latest technologies.

FORBES: Companies, People, Ideas