Author: Ned Bushong is a business broker and commercial real estate agent in Ohio. His website is www.bushongbusiness.com.
The following quotes have been snipped from the full article.
"For two years, person after person has told us who or what caused the mortgage crisis. The latest entry being a book by Michael Lewis and reported by Courtney Comstock, right here."
"Problem is, none of these really hit the bullseye. They've all missed the target."
"So, right here and now, I'm going to tell you who single-handedly caused the mortgage crisis: It was the appraisers."
"So, there's plenty of blame to go around. But only the appraisers had a fiduciary responsibility, a sworn duty, a legal obligation, to perform to the best of their ability. Given this information, you simply have to point your finger at them and say, "Right there is the main culprit in the crisis"."
Read more: http://www.businessinsider.com/youre-all-wrong-blame-the-appraisers-for-the-mortgage-crisis-2010-4##ixzz0kRFZTDjv