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.