Announcement

Collapse
No announcement yet.

Peer to peer lending

Collapse

Unconfigured Ad Widget

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • MJD
    replied
    This contrarian view is interesting-return to the gold standard. A friernd of mine buys into all of this stuff and it hasn't hurt him a bit. Far from it.

    http://www.mises.org/Books/mysteryofbanking.pdf

    Leave a comment:


  • eldrick
    replied
    Many thanks Bam. I'll check it out.

    Leave a comment:


  • bambam
    replied
    Originally posted by eldrick
    Originally posted by malmo
    The best businesses to be in are banking and insurance
    malmo

    I know you have a nice collection of finance books. I've been looking for a good book on history of banking upto modern day ( nothing overly technical ) to get a better insight. Have you come across such ?

    If so, could you kindly post an Amazon link
    Maybe not exactly what you're looking for, eldrick, but try An Empire of Wealth by John Steele Gordon.

    http://www.amazon.com/Empire-Wealth-His ... 486&sr=1-1

    Leave a comment:


  • malmo
    replied
    Originally posted by MJD
    Two articles in the USA Today today on this.

    http://www.usatoday.com/money/perfi/cre ... pers_N.htm


    http://www.usatoday.com/money/perfi/cre ... -min_N.htm


    I have come to the conclusion of late that anything that can successfully compete with the house of cards known as the major banking system is a good thing. I am dealing with a banker right now who thinks he is doing me a huge favour because he is willing to lend me more than 50% of a PORTION of my own money back.
    I lent money to a guy who was seeking short term funds to complete a real estate deal. His loan would have had payments of 500 a month. He was also a lender, so I checked his stats, he was receiving 770 month from his Prosper loans, the decision was automatic.

    Leave a comment:


  • malmo
    replied
    As MJD already knows I've been testing this "opportunity." Investing a small amount of money every month. It's fun in the sense that you get to see how good you are at picking horses. On the other hand, you wonder when you are going to get a DQ.

    A perusal of the Prosper Lending stats shows you that being a greedy dot.com millionaire in no way equates to having a lot of common sense. Most of these guys would have been better off blowing their money on hookers and drugs. "Muleshoes" claimed he was making a "social experiment" by throwing away $400k on risky loans.

    http://www.lendingstats.com/topLenders

    A quote from the USAToday article:
    "Ultimately, more competition among lenders could benefit a broad range of borrowers. The growth of the market, Leggett says, could be a "a potential threat to your unsecured lenders, primarily credit card issuers, (which means) they'll just have to become more competitive" with rates and rewards given to customers."

    Leave a comment:


  • MJD
    replied
    Two articles in the USA Today today on this.

    http://www.usatoday.com/money/perfi/cre ... pers_N.htm


    http://www.usatoday.com/money/perfi/cre ... -min_N.htm


    I have come to the conclusion of late that anything that can successfully compete with the house of cards known as the major banking system is a good thing. I am dealing with a banker right now who thinks he is doing me a huge favour because he is willing to lend me more than 50% of a PORTION of my own money back.

    Leave a comment:


  • malmo
    replied
    Re: Peer to Peer Lending

    Originally posted by gh
    Originally posted by rasb
    Was is Emil or Emile? I know OLD steeplers are seldom wrong, but I believe it was Emile - what a great athlete !!!
    Would you believe, D, none of the above?! He went by EMIEL.

    But I believe that given that he's Belgian, w/ the Fleming/Walloon division, he may have been Emil on the other side of the line.
    I should have known better than to accept the word of an unlicensed lackey. It goes to show you, you gets whats you pays for.

    Leave a comment:


  • gh
    replied
    Re: Peer to Peer Lending

    Originally posted by rasb
    Was is Emil or Emile? I know OLD steeplers are seldom wrong, but I believe it was Emile - what a great athlete !!!
    Would you believe, D, none of the above?! He went by EMIEL.

    But I believe that given that he's Belgian, w/ the Fleming/Walloon division, he may have been Emil on the other side of the line.

    Leave a comment:


  • tafnut
    replied
    Originally posted by malmo
    Originally posted by tafnut
    Originally posted by tandfman
    Mr. Google says it's Willy.
    Is it just me or does that sound rather naughty?
    I don't even understand your question, so it must be just you.
    ops: yeah, I think I've seen too many superbad knocked-up 40-year-old virgins!

    Leave a comment:


  • malmo
    replied
    Originally posted by tafnut
    Originally posted by tandfman
    Mr. Google says it's Willy.
    Is it just me or does that sound rather naughty?
    I don't even understand your question, so it must be just you.

    Leave a comment:


  • tafnut
    replied
    Originally posted by tandfman
    Mr. Google says it's Willy.
    Is it just me or does that sound rather naughty?

    Leave a comment:


  • malmo
    replied
    Originally posted by tandfman
    Mr. Google says it's Willy.
    Thanks. I always wanted lackeys to do my work for me. Keep up the good work, it will always be appreciated.

    Leave a comment:


  • tandfman
    replied
    Mr. Google says it's Willy.

    Leave a comment:


  • malmo
    replied
    Originally posted by tandfman
    While you're at it, you might as well correct his last name. It's Puttemans, not Putteman.
    Thank you. And while you're at it, is it Willy or Willi Polleunis?

    Leave a comment:


  • tandfman
    replied
    While you're at it, you might as well correct his last name. It's Puttemans, not Putteman.

    Leave a comment:

Working...
X