Mish does a solid on reviewing Lending Club in the context of banking. I agree with what Mish says, but the premise that anyone should be making interest on loans is a bad idea, as I have said here many times before (search usury on this blog.)
Compare Lending Club to Community Sourced Capital. Which would you prefer anyway?
If all this talk of banking mystifies you, here is a free book you should download and read right now...
http://mises.org/money.asp
Feel free to forward this by email to three of your friends.
Compare Lending Club to Community Sourced Capital. Which would you prefer anyway?
If all this talk of banking mystifies you, here is a free book you should download and read right now...
http://mises.org/money.asp
Feel free to forward this by email to three of your friends.
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