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Author Topic: Lending to a neighbor? Good luck (MSN Money)  (Read 9905 times)

112233

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Lending to a neighbor? Good luck (MSN Money)
« on: February 22, 2010, 07:19:58 am »

http://articles.moneycentral.msn.com/Banking/BetterBanking/lending-to-a-neighbor-good-luck.aspx?page=1


Quote
Prosper.com, a sort of eBay for loans, is billed as an alternative to banks. But the Internet pioneer's default rates are sky-high, and lenders have been losing money.
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112233

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #1 on: February 22, 2010, 07:22:44 am »

ok, looks like the slate article (gimein) .. date is newer .. n/m

« Last Edit: February 22, 2010, 07:28:53 am by 112233 »
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ToySoldier

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #2 on: February 22, 2010, 06:44:55 pm »

Yea .org is getting famous !

After the media weighed in with the stories about the great new idea in lending, however, hardly anybody except the increasingly unhappy community of Prosper lenders  -- "Welcome aboard our little train wreck," says one poster on Prospers.org, an independent discussion forum for Prosper participants -- bothered to keep track of just how well it worked out. The answer: not well at all.


*** bolding is mine ***
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bamalucky

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #3 on: February 22, 2010, 06:53:49 pm »

Great article.. Where's the rebuttal ?
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Urbi_et_Orbi

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #4 on: February 22, 2010, 10:55:30 pm »

What is there to rebut this time?

 ;)
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The_Cat

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #5 on: February 23, 2010, 01:44:26 am »

nominate lobby
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tekiegreg

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #6 on: February 23, 2010, 06:31:54 am »

Yea .org is getting famous !

After the media weighed in with the stories about the great new idea in lending, however, hardly anybody except the increasingly unhappy community of Prosper lenders  -- "Welcome aboard our little train wreck," says one poster on Prospers.org, an independent discussion forum for Prosper participants -- bothered to keep track of just how well it worked out. The answer: not well at all.


*** bolding is mine ***

Funny I couldn't find "Welcome aboard our little train wreck" quoted by anyone short of this thread's posts...I was just curious who originally said that.
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God-Father

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #7 on: February 23, 2010, 06:48:24 am »

Second for lobby
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112233

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #8 on: February 23, 2010, 07:17:35 am »

Yea .org is getting famous !

After the media weighed in with the stories about the great new idea in lending, however, hardly anybody except the increasingly unhappy community of Prosper lenders  -- "Welcome aboard our little train wreck," says one poster on Prospers.org, an independent discussion forum for Prosper participants -- bothered to keep track of just how well it worked out. The answer: not well at all.


*** bolding is mine ***

Funny I couldn't find "Welcome aboard our little train wreck" quoted by anyone short of this thread's posts...I was just curious who originally said that.
http://www.prospers.org/forum/empty-t18207.0.html;msg320064#msg320064
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112233

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #9 on: February 23, 2010, 07:18:24 am »

Second for lobby
ok, but it's the same as the last article
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Xenon481

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #10 on: February 23, 2010, 07:45:02 am »

Second for lobby
ok, but it's the same as the last article

I think the point is that it is now published in MSN Money which is much more well known than The Big Money.

112233

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #11 on: February 23, 2010, 08:28:27 am »

Second for lobby
ok, but it's the same as the last article

I think the point is that it is now published in MSN Money which is much more well known than The Big Money.
ok. I agree.
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112233

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #12 on: February 23, 2010, 08:29:32 am »

discussion at "f*cked company" regarding this article and prosper
http://retro.f2bbs.com/bbs/show_topic/190972
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Tokyo Joe

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #13 on: February 23, 2010, 08:30:59 am »

Second for lobby
ok, but it's the same as the last article

I think the point is that it is now published in MSN Money which is much more well known than The Big Money.
ok. I agree.

Why couldn't MSN Money get a new quote?  There's only half a million posts here.

Journalism has become such a slovenly, lazy profession.  I remember when being a reporter meant something.
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112233

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Re: Lending to a neighbor? Good luck (MSN Money)
« Reply #14 on: February 23, 2010, 08:38:33 am »

Second for lobby
ok, but it's the same as the last article

I think the point is that it is now published in MSN Money which is much more well known than The Big Money.
ok. I agree.

Why couldn't MSN Money get a new quote?  There's only half a million posts here.

Journalism has become such a slovenly, lazy profession.  I remember when being a reporter meant something.
at least they didnt pass the article off as their own
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