Two Sentences that Explain the Crisis and How Easy it Was to Avoid | The Big Picture

Two Sentences that Explain the Crisis and How Easy it Was to Avoid | The Big Picture
“From 2000 to 2007, [appraisers] ultimately delivered to Washington officials a petition; signed by 11,000 appraisers…it charged that lenders were pressuring appraisers to place artificially high prices on properties. According to the petition, lenders were ‘blacklisting honest appraisers’ and instead assigning business only to appraisers who would hit the desired price targets” (FCIC 2011: 18).

It’s Not Just Thomson Reuters – Elite Investors Get Tons of Unfair Advantages: Blodget | Daily Ticker - Yahoo! Finance

Elite Investors Get Tons of Unfair Advantages  - Yahoo! Finance
“The market will never, ever be safe for the little guy,” says Blodget. “So anything we do that makes it appear a little bit safer…is actually worse because then people think they are on the same playing field as the little guy.”