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
