Is p2p investing really investing?

[Baa_Baa]

Extract - JP Morgan recently announced a partnership with OnDeck Capital that will allow it to outsource to the OnDeck platform business loans under $250,000.

In NZ large proportion of Harmoney loans are made by Heartland and a hedge fund whose name escapes me.

Hardly Peer to Peer is it

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.