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Prosper defaults top $20 million

12% of all money loaned on Prosper has now defaulted,or reclassified by them as "charged off"

2 "key" employees are MIA.Shira & John Witchel.

 

p2p lending aka person to person or peer to peer isgone too.Prosper now lets borrowers list with a generic loan app with no picture or description.

http://www.prosper.com/lend/performance.aspx

This entry was posted on August 16th, 2008 at 11:48:18 am and is filed under General.

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