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[Urbi_et_Orbi]

Why not compare it to Gold...just as arbitrary.

[ira01]

The assumption that Prosper had or will fire off a lawyer letter led to my emailing about prosperreport.com.  

Anything's possible, but I doubt it.  Sending a lawyer's nasty-gram to some individual blogger (i.e., 112233) is not even remotely the same thing as trying to intimidate Slate.  If 112233 wouldn't have been able to obtain pro bono representation from Public Citizen, he might have been forced to cave.  Slate undoubtedly has a slew of high-priced media lawyers on retainer, and is not likely to buckle to Prosper's lame-ass threats.  I think Slate would tell Prosper to pound sand if Prosper tried anything, and Prosper knows it.

[ira01]

I left the following comment on The Big Money Article (awaiting moderation):

If you read Prosper's "refute," it is imperative that you also read the many refutes of Prosper's refute:


http://www.prospers.org/forum/article_you_are_unlikely_to_prosper-t18287.0.html;msg322323#msg322323


http://www.prospers.org/forum/article_you_are_unlikely_to_prosper-t18287.0.html;msg322348#msg322348


http://www.prospers.org/forum/article_you_are_unlikely_to_prosper-t18287.0.html;msg322372#msg322372


Unlike the Big Money article, which is completely accurate and non-biased, Prosper's "refute" is full of errors and spin.  Don't be fooled.

[112233]

What y'all have been wating for.
http://www.americanbankingnews.com/2010/01/20/slate-questions-riskiness-of-prosper-marketplace-peer-to-peer-lending/

Actually, after a quick read, it seem like pretty objective reporting.

2 paragraphs about the article.  4 paragraphs discussing Prosper's response.  That's pretty much what we expected.

Also, LOL at the site comments on the right hand side.  Suddenly, everyone is loving the knowledgable reporting of ABN. 

not very good at creating bullshit

[yankeefan]

Where are all the securities lawyers who told Prosper not to comment to us on the collections test during the quiet period?   Surely their misreprentation and touting in the "refutation" is worse than that.

Also- this is a strange use of "equivocate"

Again Mr. Gimein is equivocating annual interest earned with cumulative default rates over a three year period.  

[112233]

It’s unfortunate that the author’s data analysis and perspective relied almost entirely on a hodgepodge of anonymous sources.  If higher reporting standards had been upheld, the reality that Prosper has shown great promise and performed well on a relative basis over the last three-years would have been self evident.

I'd love to know what sources pass prosper's reporting standards. Do we have to contact the marketing department for that?

[112233]

my blog comment

what information sources does prosper recommend for reporters to look at?

simple enough. do you think it will be posted?

[112233]

did someone already make a copy of prosper blog post?

[yankeefan]

they haven't posted ANY comments on any of their blogs for a month or so.

EDIT-  I see that they posted a question I had  on their knocking out credit card debt blog.

 link here

[Fred93]

I can't believe they admitted to 61% of lenders losing money.

Seems like that was a sort of big strategic error.

[ira01]

this is a strange use of "equivocate"

Again Mr. Gimein is equivocating annual interest earned with cumulative default rates over a three year period.  

Not "strange" -- wrong.  Prosper meant "equating," not "equivocating."

[Staneslav]

a

[NewHorizon]

this is a strange use of "equivocate"

Again Mr. Gimein is equivocating annual interest earned with cumulative default rates over a three year period.  

Not "strange" -- wrong. 

@ira01: I think most of us already equivocated "strange" with "wrong" in yank's post.

[NewHorizon]

Posted 25 minutes ago:

Prosper.com Refutes @TheBigMoney story by @markgimein and Requests Retraction http://bit.ly/8az3Pv @ProsperLoans #p2plending

http://twitter.com/chrisprosper

(Where "chrisprosper" is CEO Chris Larsen.)

[Cushie]

Posted 25 minutes ago:

Prosper.com Refutes @TheBigMoney story by @markgimein and Requests Retraction http://bit.ly/8az3Pv @ProsperLoans #p2plending

http://twitter.com/chrisprosper

(Where "chrisprosper" is CEO Chris Larsen.)

Are they really this stupid?  Why draw attention to an article that rips your company to shreds (and is accurate)??  All the better for lenders who were looking at investing.  Now they know the real truth, not the 6 to 14% Prosper is *still* promoting.