Subprime crisis fallout

Fishers securities attorney Mark Maddox calls them “come-to-Jesus” moments – the time when an investment adviser realizes he has to tell a client his portfolio’s gone to hell.

There are a lot of portfolios – held by non-profits, governments and companies – with bonds backed by subprime mortgages.

With the burst housing bubble and subprime meltdown roiling the markets, Maddox and his partner Tom Hargett think there will be a lot of come-to-Jesus moments.

http://www.indystar.com/apps/pbcs.dll/article?AID=/20080110/COLUMNISTS21/80109074/-1/LOCAL17

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