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Excellent Frontline (PBS) program on the economic decline

Discussion in 'General Appraisal Discussion' started by Elliott, Oct 28, 2009.

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  1. Elliott

    Elliott Elite Member

    34
    Apr 23, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Oregon
  2. panappr

    panappr Senior Member

    3
    Dec 5, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Thanks Elliot, very humbling..... I think we all need a reality check sometimes, that's a good one.... Hope everyone here gets a chance to watch.
     
  3. Obsolescent

    Obsolescent Senior Member

    11
    Jul 6, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    What is the name of the segment, I cant get the link to open.
     
  4. Lost Cause

    Lost Cause Senior Member

    15
    Sep 17, 2004
    Professional Status:
    Certified General Appraiser
    State:
    New York
    Funny You Should Bring This Up

    There was a recent edition of Frontline, a show I don't generally watch, called (I believe) "The Warning". It detailed the efforts of Brooksley Born, head of the obscure regulatory agency the CFTC, to regulate the derivatives market. She was opposed at every step by the triumvirate of Alan Greenspan, Robert Rubin, and Larry Summers. Greenspan is shown stating that regulation was not necessary as the market would take care of any fraud.

    Don't watch it without a nausea bucket handy.

    And to think that the Obama administration is taking advice from slugs like Summers and Rubin. There is no hope, folks.
     
  5. Greg Bell

    Greg Bell Senior Member

    0
    Jul 7, 2006
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Louisiana
    Frontline last night was a good one.People telling their tales of economic woe to a hairdresser in New York...Very illuminating and scary...we are in big trouble America...:fiddle:
     
  6. Elliott

    Elliott Elite Member

    34
    Apr 23, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Oregon
    Obsolescent,
    The show was called "Close to Home."
     
  7. Obsolescent

    Obsolescent Senior Member

    11
    Jul 6, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Wow, I agree Greg. We are in trouble...particularly those in their late 40s and older.
     
  8. TC

    TC Elite Member
    Gold Supporting Member

    22
    Jan 31, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Pennsylvania
    I only caught half of it, excellent program. Listening to the one renter who came home after his wife died to find all his belongings out on the street was tough to watch.
     
  9. Jay Emmar

    Jay Emmar Junior Member

    0
    Feb 19, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Seems every time I am feeling sorry for myself and the state of this profession, something like this comes along and suddenly one realizes how fortunate they are to be able to (barely) make ends meet. Great show.
     
  10. TC

    TC Elite Member
    Gold Supporting Member

    22
    Jan 31, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Pennsylvania
    What's the old line: There but for the Grace of God, go I.

    I remember being out of work in '82. What a great time I had! I was living the Animal House lifestyle with 2 other guys sharing a house. The weekly check was 225 bucks, my total living expenses were around 300. WooHoo!!! But I always knew a job would come around, not so sure if those out of work in today's economy feel the same.

    TC
     
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