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Prosper is Dead
Just a few hours after I received an e-mail from Lending Club announcing that they were open again, Prosper sent an e-mail saying that they were beginning their quiet period. This is just over 6 months after Lending Club entered it’s quiet period. I believe that Lending Club got out of it’s quiet period quickly [...]
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Lending Club Opens For Business Again
Lending Club has opened for business again. They come back with a partnership from FOLIOfn. This partnership, as I understand it (and I could be wrong here), seems to have sped up their process with the SEC. It also allows them to have a secondary market – a place where you can sell loans to [...]
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Lending Club is Dead
[Update: It looks rumors of Lending Club's death was premature. It was actually my best investment last year. You can sign up at Lending Club.] I, like many other Lending Club members, received a distressing e-mail a couple of days ago (Lending Club Reviewed). I waited until now to sort out how I feel about [...]
