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leporello
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« Reply #1 on: December 29, 2007, 04:02:30 PM » |
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Maybe they're fed up with the defaults?
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Mark12547
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« Reply #2 on: December 29, 2007, 04:51:27 PM » |
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Maybe they're fed up with the defaults?
It could be. That and the good listings generally being bid way too low to get the advertised returns. If they place manual bids, the bid advisories (such as expected returns) may have a chilling effect on the more capital-loss-friendly listings. Or maybe they suspect, like some of us, that Prosper's days are numbered because the loan originations had plateaued way below profitability. |
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« Last Edit: December 29, 2007, 04:55:17 PM by Mark12547 »
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If, as you have indicated, you don’t trust Prosper to detect fraud when it exists or to remunerate you when we find it, then you should reconsider whether you want to lend on Prosper. I did; withdrawing since Black Friday, March 30, 2007--with one exception. |
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jazzpianist
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« Reply #3 on: December 29, 2007, 05:03:30 PM » |
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Maybe they just spent their money this month on Christmas gifts for the family :-)
jazz
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Navy-slush-fund
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« Reply #4 on: December 29, 2007, 05:17:00 PM » |
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You will know for sure If they serve powdered eggs instead of the real thing at the lenders breakfast at PD 2008...  |
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« Last Edit: December 29, 2007, 05:18:31 PM by Navy-slush-fund »
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cowdog
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« Reply #5 on: December 29, 2007, 05:17:48 PM » |
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Some of those portfolios are doing quite well. Even at that, every one of those people can now look at their loans and see a 10% default rate has already happened or is probable. That is too high.  |
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Mtnchick
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« Reply #6 on: December 29, 2007, 05:28:31 PM » |
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They ran out of friends, family and fellow employees to bid on.
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"lol. Go no further than my myspace or facebook to see proof of my "lack" of real life friends." BFS/JZ//plaquenasty/abcdefg/Whatever
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leporello
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« Reply #7 on: December 29, 2007, 05:32:13 PM » |
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Just wondering...Why does anton (Chris Larsen, Prosper CEO) have such a high proportion of paid-off loans?
It is lots of short-term lending to friends & family?
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Urbi_et_Orbi
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« Reply #8 on: December 29, 2007, 05:47:45 PM » |
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Just wondering...Why does anton (Chris Larsen, Prosper CEO) have such a high proportion of paid-off loans?
My guess is that it's because his bidding was heavily weighted at the beginning of the show (including quite a chunk before the site was open to the public). |
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msava
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« Reply #9 on: December 29, 2007, 06:00:47 PM » |
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At least this proves they don't have inside knowledge.
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Respect is earned. On time payments show character.
Ms. Ava
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bankomatic
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« Reply #10 on: December 29, 2007, 06:07:17 PM » |
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What's interesting is that according to lendingstats none of them are breaking 9% return, but they advertise 9% return on their ads. If the people who run the company can't break 9% retun what does that say to about regular lenders?
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Urbi_et_Orbi
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« Reply #11 on: December 29, 2007, 06:08:11 PM » |
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At least this proves they don't have inside knowledge.
As it relates to the performance of their personal portfolios - yes. The fact that they are either not still bidding - or their lending has tapered off significantly - is open to interpretation as to whether or not that's a result of insider knowledge. |
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bamalucky
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« Reply #12 on: December 29, 2007, 06:10:19 PM » |
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At least this proves they don't have inside knowledge.
OOPS,public forum...Sorry new readers,you have to join to see my thoughts on MsAva |
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To participate in the class action lawsuit against prosper contact Phillip Kim, Esq. The Rosen Law Firm, P.A. 350 5th Avenue, Suite 5508 New York, New York 10118 email: pkim@rosenlegal.comtel: (212) 686-1060 |
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j9359
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« Reply #13 on: December 29, 2007, 07:28:10 PM » |
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What's interesting is that according to lendingstats none of them are breaking 9% return, but they advertise 9% return on their ads. If the people who run the company can't break 9% retun what does that say to about regular lenders?
Umm, could it be false advertising ? I think that John Witchel, Anton and the others at Prosper have put themselves into a no win situation. They could have avoided this by taking the "conflict of interest" excuse and not made any loans. But since they are in now, it seems to me that they should all be in a portfolio plan that promises at least the return advertised in that latest marketing material. Second thought: maybe they are all waiting and saving until the secondary market becomes a reality and they are going to buy up all the bad loans. john. |
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lenderguy
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« Reply #14 on: December 29, 2007, 09:07:13 PM » |
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What's interesting is that according to lendingstats none of them are breaking 9% return, but they advertise 9% return on their ads. If the people who run the company can't break 9% retun what does that say to about regular lenders?
Umm, could it be false advertising ? I think that John Witchel, Anton and the others at Prosper have put themselves into a no win situation. They could have avoided this by taking the "conflict of interest" excuse and not made any loans. But since they are in now, it seems to me that they should all be in a portfolio plan that promises at least the return advertised in that latest marketing material. Second thought: maybe they are all waiting and saving until the secondary market becomes a reality and they are going to buy up all the bad loans. john. maybe they're stalling the secondary market so they don't have to... |
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