Saturday, December 15, 2007

P2P Loans GainingTraction. Lending Club Goes Nationwide

Despite sub-prime loan worries rocking the economy, peer-to-peer loans are gaining some traction. You’d think loans between individuals would be much riskier than loans from a bank, but it turns out that individuals can be more risk averse than banks when it comes to lending out money. If you look at Prosper, the [...]

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