American Greed-CNBC

[Snapolit1]

I knew a lawyer down south who represented an oil and gas company that would offer indigent people money for their properties, without disclosing that hours of research revealed that there were valuable gas or mineral deposits that could be sucked out of their land. Ring the doorbell with a check book in hand. Were the people happy with the deal? Probably. Were they taken advantage of? Probably. Should a buyer have to disclose significant facts not known to the seller? Grey area in a lot of ways.
I think there is a huge difference between getting a good deal and royally screwing someone.

[spaidly]

Originally Posted by Snapolit1

I think there is a huge difference between getting a good deal and royally screwing someone.

I agree with this and that karma is a bitch. I also believe if both parties in a deal are happy then a good deal went down. Like so much in life, nothing is black and white. We live in the grey and each of us must decide where they are comfy.

Scott

[botn]

Originally Posted by Snapolit1

I think there is a huge difference between getting a good deal and royally screwing someone.

Originally Posted by rats60

A good deal is fine. Paying 1% is another matter.

Agreed. The buyer, who appears to be an expert, seems to have taken advantage of the seller, who either did or did not do their homework or enough homework. We have no idea what the buyer also would have said to the seller for them to agree to $500 for the collection but at the very least if there is gross inadequacy of consideration if the collection turned out to be worth 50K.

As a dealer I have been in a position many times to "use my expertise" to get a fantastic deal but in all instances I provided substantiation of market value to the sellers so they could make a truly informed decision on the value of what they were selling.

[mantlefan]

Originally Posted by botn

Agreed. The buyer, who appears to be an expert, seems to have taken advantage of the seller, who either did or did not do their homework or enough homework. We have no idea what the buyer also would have said to the seller for them to agree to $500 for the collection but at the very least if there is gross inadequacy of consideration if the collection turned out to be worth 50K.

As a dealer I have been in a position many times to "use my expertise" to get a fantastic deal but in all instances I provided substantiation of market value to the sellers so they could make a truly informed decision on the value of what they were selling.

Yes, in my case you and Moser "used your expertise" to trim and varnish thousands of dollars worth of cards which you then sold to me and never paid a penny in restitution!

[Leon]

Originally Posted by mantlefan

Yes, in my case you and Moser "used your expertise" to trim and varnish thousands of dollars worth of cards which you then sold to me and never paid a penny in restitution!

I hate it when that happens.
And you need your full name out there, Frank. Thanks....

[slidekellyslide]

Originally Posted by Leon

I hate it when that happens.
And you need your full name out there, Frank. Thanks....

He's got his full name at the bottom of his post.

[mantlefan]

It appears I have my G. Schwartzes mixed up. Greg did not cheat me. My apologies.

[botn]

Originally Posted by mantlefan

Yes, in my case you and Moser "used your expertise" to trim and varnish thousands of dollars worth of cards which you then sold to me and never paid a penny in restitution!

I think you have me mistaken for Gerry Schwartz who was Moser's partner.