Fool Article

[xraider]

Urbi, right as always.

Bookwyrm captured this on July 10 (the day after the answer and info was posted):

FraudMan      02:12:14 PM     Viewing the topic Anyone on Ashley Gaerke's loan (possibly in the name of Oakland Gaerke)?.

Anyone think this is actually meaningful?
 
 

Chamatrain immediately commented:

Sure.  Now he knows they got caught lying. Again.

Followed by beerbud's comment 15 minutes after bookwyrm's post:

He's still here and he is still reading that topic.

Plenty of proof that Prosper knew about this on July 10 and elected to do nothing until The Motley Fool shamed them into addressing this.

[AmexFan]

Wonder if Ferrix wouldn't mind getting a subpoena to turn over log/proof to the Judge to support the posts that make these points.

[bamalucky]

Wonder if Ferrix wouldn't mind getting a subpoena to turn over log/proof to the Judge to support the posts that make these points.

I'm betting he would mind.

Rule #1.Don't cause work for Ferrix

[112233]

Wonder if Ferrix wouldn't mind getting a subpoena to turn over log/proof to the Judge to support the posts that make these points.

I'm betting he would mind.

Rule #1.Don't cause work for Ferrix

especially the legal stuff

[xraider]

There are other ways to get the information before the court.   

[mhs505]

Sorry, I was trying to clean up a typo, not post a new message.

[bamalucky]

Sorry, I was trying to clean up a typo, not post a new message.

i've quit trying.I'm on a laptop & have a gazillion dropped letters in the past few days.I hate this touch type pad

/end hijack

[112233]

interesting perspective from an institutional (I think) lender

I know this conversation has moved on to other blogs and discussion boards but in the interest of time I would like to post my own small concern about Prosper.

As an investor, I like to carry out quite a bit of research before purchasing a stock (not as much as I should though). Likewise, I would like to carry out similar research on the borrowers especially on their income. As an accountant accustomed to auditing, I would at least like some documentation conerning what these people make. Yet, Prosper does not allow such information. As part of a business idea, I thought offering that verification (for a fee of course) would lend credibility to some borrowers with poor credit. To cover my butt legally, I asked Prosper if it would allow such a service. The answer? NO.

Now, despite the fact that I would have personally benefited from such assurance, I would just like to be able to do my due diligence and research these people and loans further. Also, according to the Prosper terms of use...you cannot contact the borrower in any form other than the little e-mail on their website. Prosper borrowers are prevented from giving out any personal information at any time (other than to group leaders). Thus, I am curious how non-group leaders can access that information. Please inform me if I am incorrect.

P.S. My Prosper ID is WeeseandAssociatesLLC

http://www.fool.com/investing/value/2008/08/29/avoid-this-company-like-the-plague.aspx

[Urbi_et_Orbi]

Not sure this is an institutional lender.

http://weeseandassociates.com

[112233]

Not sure this is an institutional lender.

http://weeseandassociates.com

lol maybe not. what does he mean by "cover my butt legally" then?

[Mtnchick]

Not sure this is an institutional lender.

http://weeseandassociates.com

lol maybe not. what does he mean by "cover my butt legally" then?

Maybe has virtual partners like PL has had.

[112233]

Not sure this is an institutional lender.

http://weeseandassociates.com

lol maybe not. what does he mean by "cover my butt legally" then?

Maybe has virtual partners like PL has had.

all your problems are solved if you diversify with $50 bids