Did PSA get a free pass on The American Greed show?

oldjudge · #1 08-22-2017, 08:53 PM

Too many powerful people have too much money tied up in the PSA registry; in my opinion they are essentially bullet proof.

doug.goodman · #2 08-22-2017, 09:02 PM

Quote:

Originally Posted by oldjudge

Too many powerful people have too much money tied up in the PSA registry; in my opinion they are essentially bullet proof.

Yep

Peter_Spaeth · #3 08-22-2017, 09:03 PM

Quote:

Originally Posted by oldjudge

Too many powerful people have too much money tied up in the PSA registry; in my opinion they are essentially bullet proof.

Sort of like our banks, too big to fail? There is some truth to that, even if a major scandal broke, most guys would find a way to justify going on as usual, and the damage would be controlled.

Dpeck100 · #4 08-22-2017, 09:22 PM

I saw the PDF file of the names involved. There was a Peter Spaeth on it. Not the most common name. Peter is that you or another Peter Spaeth?

Peter_Spaeth · #5 08-22-2017, 09:32 PM

David, last year when the list came out I posted a detailed description of the transaction in question and my perspective on it, and answered questions. A number of board members whose names appeared (in some cases multiple times) chose to remain silent. Which was the better course, who knows, but in any event I really am not inclined to go another round, so I refer you to the prior thread.

Dpeck100 · #6 08-22-2017, 09:42 PM

Cool. Yesterday was the first time I saw the list. It was one of the largest percentage losses I saw and so it stuck out like a sore thumb and I saw the name Peter Spaeth next to it. I only recall a few names that were important to the hobby like Dave Forman being on it when it was released and discussing how that would be a concern if David Hall or Joe Orlando were named but they weren't. With that being the case I think it was wise to not try and implicate the third party graders.

doug.goodman · #7 08-22-2017, 09:28 PM

Quote:

Originally Posted by Peter_Spaeth

Sort of like our banks, too big to fail? There is some truth to that, even if a major scandal broke, most guys would find a way to justify going on as usual, and the damage would be controlled.

Everybody (who uses the people who get paid for their opinions) already finds a way to justify it, remember that part about the first card being a lie?

Doug

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