It appears that hybrid evaluations are just one more step in the opposite direction of protecting the public trust.  Public trust is compromised when AMC’s blast appraisers with the turn-time and fee emails.  They don’t even enter our name in to the email, so the AMC’s cannot be putting too much thought in to who might be doing the appraisal.  Public trust is grossly compromised with hybrid products.   Hybrid products should not be used for large investments.  The protection of the public has to be the first priority.