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In response to: Prosper.com - collections - you have forsaken lenders

tam [Member]
I will like to be part of a lawsuit against Prosper for bad collection.
for more information contact me at: hotweb8@yahoo.com
PermalinkPermalink 09/09/08 @ 14:13

In response to: Prosper.com - collections is not improving

tam [Member]
I will like to be part of a lawsuit against Prosper for bad collection.
for more information contact me at: hotweb8@yahoo.com
PermalinkPermalink 09/09/08 @ 14:12

In response to: Prosper.com - You got some 'splainin' to do

NewHorizon [Member]
"I'm glad I sent the LRA to Mr. Gaerke's bankruptcy lawyer. ... I will follow up..." -xraider

Looking forward to the follow-up!
PermalinkPermalink 09/05/08 @ 10:36

In response to: Prosper.com - You got some 'splainin' to do

ira01 [Member]
For an explanation of why Prosper's response to the TMF article (posted on Prosper's blog) is bullshit, see: http://www.prospers.org/forum/prospers_response_to_fool_article-t9179.0.html;msg148715#msg148715.
PermalinkPermalink 09/03/08 @ 13:38

In response to: Prosper.com - You got some 'splainin' to do

lhsbandnurd [Member]
And it doesn't really matter. Fred chose to very bluntly divorce his blog post from the actual listing, and concentrate on Prosper's ineptitude (or willful negligence). By trying to drag the details of the listing/loan into the discussion you are simply shifting focus from the point of the discussion.

In short, stop being a troll.
PermalinkPermalink 08/29/08 @ 14:37

In response to: Prosper.com - You got some 'splainin' to do

fred93 [Member]
Teddie33, Yes I did hear about an August payment, and I don't know what it means. I'd be guessing.
PermalinkPermalink 08/25/08 @ 01:17

In response to: Prosper.com - You got some 'splainin' to do

Teddie33 [Member]
I'm sorry bama that you have a man crush on me and ignore you. I just ask fred to comment on the Aug 22 payment that he may not even be aware of.
PermalinkPermalink 08/24/08 @ 20:16

In response to: Prosper.com - You got some 'splainin' to do

bamalucky [Member]
Ted,i know you are thick,but this blog isn't about the loan.It's about Prosper's response to the court.Prosper is trying to tiptoe around the legalities of not having the SEC oversee them on 1 toe,but on the other,they are saying they are selling us unlicensed securities.
PermalinkPermalink 08/24/08 @ 20:02

In response to: Prosper.com - You got some 'splainin' to do

Teddie33 [Member]
(Gaerke's amended complaint of Apr 29, 2008.) He says his wife "Ashley Gaerke" took out the prosper loan (as well as a lot of other credit) without his knowledge.
PermalinkPermalink 08/24/08 @ 19:21

In response to: Prosper.com - You got some 'splainin' to do

bamalucky [Member]
Nowhere on this blog by Fred is the word fraud used.Ted please explain what you mean? This post is about Prosper reply to the court.
PermalinkPermalink 08/24/08 @ 19:17

In response to: Prosper.com - You got some 'splainin' to do

Teddie33 [Member]
Hey Fred, how does the August 22 payment fit in this loan fraud?
PermalinkPermalink 08/24/08 @ 19:05

In response to: Prosper.com - You got some 'splainin' to do

christoofar215 [Member]
This is a clear indication that Prosper itself is folding. It can't even repurchase a single loan and is hording as much of its own cash as possible to delay the inevitable.

This can be the only motivation why Prosper would lie to a bankruptcy court.

WITHDRAW as much as you can as soon as you can, because the time will be coming soon when Prosper's Cash Requirement report turns up with a deficit, and it will shut down.
PermalinkPermalink 08/24/08 @ 12:04

In response to: Prosper.com - You got some 'splainin' to do

kingnod [Member]
Excellent post fred. Very clear and concise, you should send that to Mr. Gaerke's lawyer. At the very least, if brought forward by the lawyer, it gives all "lenders" (in this case I do mean loan purchaser) precendence from an ongoing legal case that we (loan purchasers) are not the true lender Prosper Marketplace, Inc is. Also you should take credit for this I have been reading the forum and you definitley have added some things and clearly explained the confusing ramblings of others.
PermalinkPermalink 08/24/08 @ 09:03

In response to: Prosper.com - You got some 'splainin' to do

bamalucky [Member]
Prosper is our Fiduciary.I'm not seeing them act in our interest here.
PermalinkPermalink 08/23/08 @ 21:58

In response to: Prosper.com - You got some 'splainin' to do

xraider [Member]
Ya know, Fred, until you posted it so bluntly, I hadn't really thought about how Prosper might be setting the lenders up to be sued.

I'm glad I sent the LRA to Mr. Gaerke's bankruptcy lawyer. PACER shows a recent filing by Mr. Gaerke's lawyer suggesting that settlement of the entire BK may be imminent. I will follow up...
PermalinkPermalink 08/23/08 @ 19:29

In response to: Prosper.com - You got some 'splainin' to do

mr1776 [Member]
Thanks for this excellent summary and posting.
PermalinkPermalink 08/23/08 @ 18:53

In response to: Prosper.com - lender statements now 7 months late

bamalucky [Member]
I think some lawsuits will be filed next week or 2 by some lenders.I've promised $1000 in lawyer funds to the first lawsuit filed.
PermalinkPermalink 08/22/08 @ 19:18

In response to: Prosper.com - lender statements now 7 months late

mr1776 [Member]
What do you mean, "chutzpah"? They are getting away with it and there may be no recourse for lenders.

If you know you can't be punished, it doesn't take too much daring to misbehave.
PermalinkPermalink 08/22/08 @ 18:37

In response to: Prosper.com - 08/01/08 late loan stats update

Urbi_et_Orbi [Member]
Thanks, Fred.
PermalinkPermalink 08/03/08 @ 02:11

In response to: Prosper.com - collections - you have forsaken lenders

BrassKnuckles [Member]
Fred, I wish you were running PMI ops...
PermalinkPermalink 07/28/08 @ 09:22