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[Nora_Lenderbee]

What a pratfall. This would seem to answer the question, "Are they evil or just really incompetent?" 

[Staneslav]

a

[Nora_Lenderbee]

Incompetence, with a huge dose of arrogance. I can't believe they thought the SEC wouldn't notice.

[xraider]

I'm sure the SEC had some help....   

[czach]

*sigh* There goes my entertainment system. Now I will have to go back to Dish Network for my jollies.

Ah well.
CZ

[bamalucky]

I hope Prosper is once again taking partial payments from borrowers.

[MsTabbyKats]

I hope Prosper is once again taking partial payments from borrowers.

No...I can't do it on my loan.

1 step forward.......and 2 steps back!

[Tokyo Joe]

I hope Prosper is once again taking partial payments from borrowers.

No...I can't do it on my loan.

1 step forward.......and 2 steps back!

[Senator]

We are writing to inform you that we are discontinuing our California intrastate offering at this time.

YEAH! I can get my money out now, even at $1.81 per day.

We have been overwhelmed by the outcry from potential investors around the country who want to participate in peer-to-peer lending.

How about the crying from the original lenders investors?

Therefore, after much consideration we have decided to voluntarily shut down our operation in order to complete our SEC approval for a nationwide peer-to-peer lending platform.

So, it was your choice to shut down?

Your current lender agreements will be unaffected; your existing loans will continue to be serviced; you'll be able to track and monitor your loans; and you'll be able to withdraw funds from your Prosper account.

Great! Because I was not going to sign the new lender agreements.

As a result of this decision, we will not be accepting new lender or borrower registrations or loans, or new commitments from existing lenders effective immediately.

Don't you mean effective like 6 months ago?

Until this process is complete, we are required to be in a quiet period and will be unable to respond to press, blogger or other inquiries related to our SEC registration process, even though we would like to.

Didn't you say up above it was a VOLUNTARY quiet period?

We want to assure you that Prosper is looking forward to being able to offer a transparent, durable and participatory lending institution very soon.

Get it right this time., especially the transparent part.  Because I want the servers to stay up until I get my last $1 out.

We sincerely apologize for this inconvenience or disappointment our decision may have caused.

I've been waiting for an apology.  How about answering my other customer service questions I'm still waiting on?

We want to thank you for your continued support and patience. We look forward to serving the needs of the community in the hopefully not too distant future.

Regards,
Prosper Marketplace, Inc

Regards, indeed.

[Tokyo Joe]

Ever hear the one about the five and dime that stopped selling baby strollers?

"We stopped carrying them, because we could never keep 'em in stock"

Prosper's stated reason for closing (lender outcry) makes about the same amount of sense.

[mothandrust]

Fraudman has visited this morning.

Listening for lender outcry no doubt. 

Maybe try taking out the earplugs?

[112233]

it must suck to be a reporter covering prosper and have your articles out of date by the time they are published
http://www.nuwireinvestor.com/articles/prosper-returns-to-peer-to-peer-lending-marketplace-52936.aspx

[cubbiesnextyr]

Here's what the site now says:

http://www.prosper.com/help/topics/quiet_period.aspx

Prosper is Currently in a Quiet Period

We have been overwhelmed by the outcry from potential investors around the country who want to participate in peer-to-peer lending. Thank you for your support and your letters to us.

After much consideration we have decided to voluntarily shut down our operation in order to complete our SEC approval for a nationwide peer-to-peer lending platform. As a result, due to regulatory concerns, and in the interest of working toward getting our registration statement effective as soon as possible, we are discontinuing our California intrastate offering at this time.

If you're an existing lender, your current lender agreements will be unaffected; your existing loans will continue to be serviced; you'll be able to track and monitor your loans; and you'll be able to withdraw funds from your Prosper account.

If you are a borrower with an existing loan, you will continue with your current borrower agreement and be unaffected by the registration process.

We want to assure you that Prosper is looking forward to being able to offer a transparent, durable and participatory lending institution very soon.

As a result of this decision, we will not be accepting new lender or borrower registrations or loans, or new commitments from existing lenders effective immediately. Until this process is complete, we are required to be in a quiet period and will be unable to respond to press, blogger or other inquiries related to our SEC registration process, even though we would like to.

We sincerely apologize to the Prosper community members for this inconvenience or disappointment our decision may have caused. We want to thank those of you who demonstrated your support through your active participation whether by investing with us again or referring friends to our site.

Thank you in advance for your understanding, support and patience once more. We look forward to serving the needs of the community in the hopefully not too distant future.

[Tokyo Joe]

it must suck to be a reporter covering prosper and have your articles out of date by the time they are published
http://www.nuwireinvestor.com/articles/prosper-returns-to-peer-to-peer-lending-marketplace-52936.aspx

I posted a reply telling them to fact check before posting, and pointing out they had 5 days to do so. (My reply was put into pre-moderation limbo)

Now the whole post is gone.

[Urbi_et_Orbi]

The default setting for transfers is still to transfer money IN to Prosper.