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Author Topic: Regulators sound alarm about latest investment rage  (Read 5535 times)

Urbi_et_Orbi

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Regulators sound alarm about latest investment rage
« on: December 21, 2010, 05:25:39 pm »

http://www.investmentnews.com/article/20101221/FREE/101229980

Quote
State securities regulators are warning investors to be careful of peer-to-peer lending over the Internet, a trend they say is on the rise as conventional loans have become scarcer and more costly.

The National American Securities Administrators Association Inc. has issued an alert advising investors about the risks of online loan “matchmaking,” also called social lending or P2P.

Quote
But the firm added: “The calculation requires significant assumptions about the repayment of personal loans,” and “lenders should make their own judgments with respect to the accuracy of these assumptions.”

Indeed, Mr. Massey said, when problems arise with P2P loans, it's often due to the fact that an intermediary handles the transactions.

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Mothandrust: "Why's he off the ballot in Colorado but it's OK for the other 48 states and Hawaii to vote for him"
https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

Risk_Reward

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Re: Regulators sound alarm about latest investment rage
« Reply #1 on: December 22, 2010, 09:15:33 am »

Indeed, Mr. Massey said, when problems arise with P2P loans, it's often due to the fact that an intermediary handles the transactions.

So, the problem is Prosper.  Who would have guessed.   :P
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Greebo

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Re: Regulators sound alarm about latest investment rage
« Reply #2 on: December 22, 2010, 09:39:38 am »

Indeed, Mr. Massey said, when problems arise with P2P loans, it's often due to the fact that an intermediary handles the transactions.

So, the problem is Prosper.  Who would have guessed.   :P
I know *I*'m shocked...

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onthefence

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Re: Regulators sound alarm about latest investment rage
« Reply #3 on: December 22, 2010, 11:09:18 am »

2nd
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Ichabod

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Re: Regulators sound alarm about latest investment rage
« Reply #4 on: December 22, 2010, 02:39:14 pm »

Took them a while...

Have they discovered disco yet?
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nonattender

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Re: Regulators sound alarm about latest investment rage
« Reply #5 on: December 22, 2010, 06:06:47 pm »

It's not their general cluelessness I mind, or Urbi's usual fearmongering thread title - it's that they quoted my site... without actually linking to it.  Bastards!

-t
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Nothing that I ever say is "professional advice" - principally, because I suffer from an infinitely inescapable prinicipal/agent problem, in that I am, in principle, always acting as my own agent.

Peer-to-Peer Lending & Personal Loan Information

Urbi_et_Orbi

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Re: Regulators sound alarm about latest investment rage
« Reply #6 on: December 22, 2010, 06:13:17 pm »

It's not their general cluelessness I mind, or Urbi's usual fearmongering thread title - it's that they quoted my site... without actually linking to it.  Bastards!

-t

So, if you actually read the link, you would have noticed the origin of the thread title.

ETA: although it's hard to argue your point about the cluelessness, considering they deemed your site a valid source for information.
 ;)
« Last Edit: December 22, 2010, 06:20:43 pm by Urbi_et_Orbi »
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Mothandrust: "Why's he off the ballot in Colorado but it's OK for the other 48 states and Hawaii to vote for him"
https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

havastat

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Re: Regulators sound alarm about latest investment rage
« Reply #7 on: December 22, 2010, 06:19:00 pm »

The horses are all gone.

Time to close the barn door.
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nonattender

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Re: Regulators sound alarm about latest investment rage
« Reply #8 on: December 22, 2010, 06:22:20 pm »

It's not their general cluelessness I mind, or Urbi's usual fearmongering thread title - it's that they quoted my site... without actually linking to it.  Bastards!

-t

So, if you actually read the link, you would have noticed the origin of the thread title.

My apologies - you weren't fearmongering, you were just reposting someone else's fearmongering.  Check.

-t
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Nothing that I ever say is "professional advice" - principally, because I suffer from an infinitely inescapable prinicipal/agent problem, in that I am, in principle, always acting as my own agent.

Peer-to-Peer Lending & Personal Loan Information

Capital_Finance_Group

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Re: Regulators sound alarm about latest investment rage
« Reply #9 on: December 23, 2010, 04:17:02 am »

Took them a while...

Have they discovered disco yet?

I still have not heard if they have made any statements about 8-track players yet.  ::) :ninja: ::)
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