Every once in a while a government agency comes out with a decision that seems so appropriate that you want to shout it out to the hills.

That was my feeling as I read in the American Banker ("OTS Reads Riot Act Over Low IPO Appraisals," May 26, page 3) that the Office of Thrift Supervision has put appraisers on notice that they will be penalized if stock prices rise too high on thrifts they have appraised immediately after initial public offerings.

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