Good point, it is an inconvenient truth that just by virtue of deploying a genuine P2P platform, major funding sources are the same institutions that might make it difficult for the desperate and needy borrowers through normal banking channels. A way for the bank to conduct higher risk lending with low costs of engagement. In a sense is it B2P (bank 2 person) via a 'low doc' 'low cost' channel.I wonder about when the quantum of low doc loans reaches a marketable 'book' whether the modern equivalent of CFD's will emerge and the book 'sold' into the musical chairs money-go-round until it is held by the institutional party least able to sustain the risk of default.
You are on to it mate, esp the last sentence
The money men might be able to resist th temptation
Last edited by winner69; 01-02-2016 at 10:27 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by Baa_Baa
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