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Honored Advisor
Posts: 11,091
Registered: ‎05-13-2010
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Re: Do guys go broke anymore

The ethical appraisers were getting starved out a couple of years or slightly more back.  I saw a news feature about it, and subsequently read a good article on it.  This was before the bust in mortgage loans.  
That knowledge had a kind of "I told you so" flavor to it after the bubble burst.  I am glad that there are at least apparent safeguards in place now.  The players will find a way around most restrictions, though...I do not in any way think that enough of them have learned the lesson, so will be due to repeat it.