After the Savings and Loan meltdown of the 1980s, Real Estate Appraisers were blamed for banks making loans in anticipation of future market value - or what was termed exceeding fair market value. A special class of appraisers was created, they were given gold stars, and continuing education was prescribed as the solution to the awful state of ethics that allowed the innocent banking industry to be taken advantage of.
I have two questions.
First, given the current mortgage failure rate, who will end up doing continuing education?
Second, when will a professional organization have to balls to end stupid and pointlessly shallow professional education?
Now comes the fun part. Having read my rant, here is a lovely bit about continuing education mania gone wild in the U.K. The quackometer: Medical Astrology - Forseeing the Future of Regulated Alternative Medicine. Thanks to Andy Lewis, Le Canard Noir.
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